Cryptocurrency Bottom-Fishing Strategies and Market Analysis: Waiting for a Turning Point in Fluctuations 😀😀

Friends, don’t be blindly optimistic; you need to follow a strategy.

When I bottom-fish, I split my funds into two parts. Half goes into left-side trading, buying more as it falls until I reach my psychological limit;

The other half goes into right-side trading, waiting for upward momentum or a higher peak and higher bottom, then buying in during a pullback.

Don't hesitate to buy when prices are falling; just because it went up a few points yesterday doesn’t mean you should rush in, as that can easily lead to losses.

The market for $BTC and altcoins is diverging, but in the cryptocurrency sphere, we still need to watch Bitcoin, the “big pie.” If it doesn’t rise, we can’t say for sure whether the altcoin rally will sustain.

This can be seen as a rebound from being oversold, or it might be the main players controlling the average cost of the chips.

Basically, wait for the big pie to drop; if it hasn’t dropped yet, when it drops, everything else will follow. If the big pie hasn’t reached its target, the altcoins might spike in price but then defend and wait.

However, last night’s rise made me feel that altcoin funds are starting to move.

I think the market is still fluctuating overall, but it's moving in a positive direction.

Want to learn more about the logic behind cryptocurrency investment? Please visit my WeChat: #比特币市场波动观察