Do not be blindly optimistic, identify and execute strategies
I generally divide my capital into two parts for bottom fishing: half on the left side and half on the right side;
The left side is to buy more as the price falls, and I stop when I reach my psychological limit. The right side is to wait for upward momentum or for higher highs and higher lows, buying on the pullbacks.
It is not about not buying when the price is falling and then rushing in when it rises a few points like yesterday; this approach can easily lead to repeated losses.
#BTC and altcoin markets are showing divergence, but overall, the cryptocurrency market still depends on Bitcoin. If Bitcoin does not strengthen, the sustainability of altcoin rallies remains to be seen; you can interpret this as a rebound from an oversold condition, or as major funds controlling the average price of chips. The pattern is: when it drops to the bottom, wait for Bitcoin → Bitcoin has not dropped → Bitcoin has dropped → follow the drop → Bitcoin has not fallen to the right level → altcoins make a price defense wait.
However, last night's rally gave me a clear feeling that funds in altcoins are starting to stir.
I believe: the market is still generally in a state of fluctuation, but it is beginning to think in a positive direction.