Simple signals to judge the bottom of the market

For newbies who have just entered the cryptocurrency circle, how to judge whether the market has reached the bottom may be a headache. However, don't worry, here are a few simple and practical signals to help you judge:

Trading volume has fallen to the bottom

Imagine if you are a stall owner in a market, but there are very few customers, how will your business be? In the cryptocurrency circle, if the trading volume of mainstream tokens such as BTC, ETH, and SOL drops sharply, for example, the trading volume in a day is less than 500 million US dollars, it means that the market activity is extremely low, and everyone is waiting and watching, and dare not trade easily.

Few investment and financing news

In the past, the cryptocurrency circle was always full of various investment and financing news, but now these news have suddenly become less. This is probably because venture capital companies are also waiting and waiting for the market to become clear before making decisions.

USDT market value declines

USDT is a very important stablecoin in the cryptocurrency circle, similar to the cash we usually use. If its total market value begins to decline, it means that funds are withdrawing from the market. But on the other hand, if the market sentiment is very bad, but the market value of USDT is still growing, then you have to be careful, there may be a lot of funds waiting for the opportunity to buy at the bottom.

Silence on Twitter

In the past, Twitter was always very lively, with everyone discussing the dynamics of the cryptocurrency circle and sharing trading strategies. But now, if Twitter becomes very quiet and almost no one speaks, it means that the market may have entered a "hibernation period" and everyone is waiting silently.

Ethereum Gas Fee is Low

Trading on Ethereum requires paying Gas Fee, which is like the handling fee we pay when shopping in a supermarket. If the Gas Fee becomes very low, even below $10, it means that transactions on Ethereum are very rare and the market is deserted.

In the bull market, you need a high-quality circle. If you don't know how to operate and are still confused, everyone is welcome to join! Please like, follow, forward, and leave a message!

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