Do not be blindly optimistic; you must identify and implement strategies. My bottom-fishing approach usually divides the funds into two parts: one half for left-side trading and the other half for right-side trading.

Left-side trading involves buying more as the price declines, until reaching your psychological limit. Right-side trading waits for signs of upward momentum in the market, such as forming higher highs and higher lows, before buying on a pullback.

Instead of not buying during a decline and rushing in after a few points of increase like yesterday, which easily leads to being repeatedly cut by the market.

Currently, there is a divergence between BTC and altcoin markets, but overall, the cryptocurrency space still depends on Bitcoin's performance. If Bitcoin doesn't become strong, the sustainability of altcoin rallies remains to be seen. This can be understood as a rebound from overselling or as major funds controlling the average cost of their holdings. First, we reach a low and wait for Bitcoin to act; if Bitcoin hasn't dropped yet and then it does, altcoins will follow the drop. If Bitcoin hasn't reached its low, altcoins might spike in price defensively while waiting.

However, last night's surge gave me a clear feeling that altcoin funds are somewhat eager to move.

In my view, the market is still generally in a state of fluctuation, but it is about to develop in a positive direction.