【55800】【Can we buy the bottom now? 】

From the on-chain data, yesterday's plunge saw a small amount of bottom-fishing. However, big investors or smart money do not seem to think this is the bottom.

From a technical point of view, the current trend is very similar to that in May 2021. But this year's overbought situation is much more serious than in 2021. So in theory, there should be a deeper correction or a longer consolidation this year.

Conclusion: The decline has just begun, and it is too early to talk about bottom-fishing. It is suitable to wait and see.

After all, "waiting" is also part of trading (even most of it).