It doesn't take too long, three months will be enough. When you look at the current market, you may find that there is gold everywhere!

Is it the bottom now? Should you buy the bottom?

My answer is: as long as it is the leading currency in each sector (don't bet on garbage altcoins, this is a matter in the late bull market), you can buy it with your eyes closed.

Maybe it's not the bottom of the soles of the feet now, but it is definitely the bottom of the knees. Bitcoin may break 50,000 again next, but what does it matter? You are not opening 100 times leverage.

From some on-chain data and market data indicators:

1. Bitcoin Ahr999 indicator: currently 0.54, close to the bottom line of 0.45;

2. Bitcoin rainbow chart: in the continued accumulation range;

3. Altcoin season index: 27, far from the altcoin season;

4. Two-year MA multiplier: continues to decline, close to the green line, that is, the bottom area;

5. MVRV Z-Score: 1.88, close to the bottom, which is the level in August 2020, when Bitcoin was halved for more than 3 months and there were still 2 months before the start of the bull market.

In summary: The market is now very close to the bottom, and there may be a deep squat and wash-out next, but now is the time to buy in batches. Not to mention this time next year, but in December this year, you will thank yourself for taking decisive action.