Can we buy at the bottom now?
Many people are actually very confused now, whether they should buy at the bottom?
After all, the panic index has now reached 30, which is already in the extreme panic range.
Historically, whenever Bitcoin panics and falls below 40, it will rebound.
My advice is that if you are holding for the long term, it is a good time to enter the market.
If you are only holding for a short period of time, the risk of operating now is quite high. After all, in the last bear market, the panic index of Bitcoin even reached 19.
However, during the recent declines, I have been adding chips to my long-term positions.
I won't buy all at once, but buy when the market drops. Buy small amounts when the market drops slightly, and buy big amounts when the market drops significantly.
Moreover, my long-term positions and short-term positions are clearly divided. No matter how good the short-term position's uptrend is, once it reaches the take-profit position I set, I will resolutely step out and wait for the next wave of market conditions.
I have to ensure that my cash position is sufficient to deal with risks in any position.
Nothing in this circle is absolutely safe. We must always put on armor and protect ourselves well.
Even the largest stablecoin USDT is facing risks. After all, it has never been audited. If any internal negative news breaks out, the power of this bomb explosion will be comparable to that of an atomic bomb.
The cryptocurrency world will enter its darkest hour.
So it is better for everyone to exchange the USDT in their hands into USDC, which is safer.
5 altcoins that will perform 100x in the bull market in 2024 and make you a millionaire!
1.PENDLE
The price of PENDLE token with a market cap of $762 million is showing a downtrend on the daily chart. It formed a descending channel and broke below the 50D EMA to drop below $5.
The altcoin is trading at $4.92, down 2.53% intraday, forming a bearish candle that pares back Sunday’s 1.52% gain. Moreover, bullish momentum is reviving as the Morningstar Index could take a hit.
The negative cycle continues as the price falls further and fails to sustain above the 38.20% Fibonacci level.
Continued. However, as the broader cryptocurrency market recovers, a bull run could occur within the altcoin channel.
A rebound above the descending channel could push the PENDLE price to the $9.16 mark. Optimistically, it can reach the psychological $10 mark.
2.BGB
BGB token price is up 5.57% intraday, maintaining a higher lows pattern. The bull run continues with the altcoin reclaiming the 50-day EMA while maintaining dominance over the psychological $1 mark, supported by an ascending trendline.
BGB token has grown 110% year-to-date and is showing a bullish trend, trading at $1.21 with an engulfing candle. As buyers remain dominant, BGB price will soon surpass the peak of $1.48.
This increases the possibility of forming new all-time highs and could cause the altcoin price to surge towards the $2 mark.
3.OK
ONDO price trend is forming a triple bottom at the $1.11 mark with continued support from the 50D EMA. As the accumulation phase progresses, breakout expectations are increasing and it could reach the $1.552 mark.
The sudden halt in the negative cycle, coupled with price rejection lower within the ascending channel, increases the likelihood of altcoin bull run.
According to trend-based Fibonacci levels, the bull run in ONDO price is signaling a move to the psychological $2 mark.
4. BABY
PEPE price has been on a sharp uptrend since the beginning of the year and seems to be following a pattern where the price breaks out of a declining consolidation within an ascending parallel channel and rises to new highs. The coin has formed a similar pattern and surged above the downtrend line, which could spark a new bull run to a new high of $0.000025. However, the weak RSI suggests that the coin may consolidate for a few more days, which could further spark a new uptrend!
5.WIF
The price of dogwhat broke below the critical support zone between $2.1 and $2.27 and has revisited this level. The volume has also dropped significantly, but it is still in the bullish range, indicating that the trend may remain high in the next few days. The RSI remains high after rebounding from the medium-term low, indicating that a new round of bullish momentum is about to begin. Therefore, the price is expected to break through the support-turned-resistance area and reach $3, aiming to form a new high close to $5 by the end of the third quarter of 2024!
