Can we bottom out now?
I think there's no need to rush into bottom fishing; we can adopt a strategy of buying more on big dips, buying less on small dips, and not buying at all when the market is stable to gradually pick up low-priced chips.
Currently, the market situation is that Bitcoin and Ethereum have support from spot ETFs and traditional large capital, so there isn't much downward pressure.
However, most altcoins lack support from large capital, and once they start to fall, there are no support levels; it mainly depends on market sentiment.
Recently, new coins on Binance have lost their profit-making effect, and prices have generally dropped sharply after launch, with the speed of halving increasing.
During times of insufficient market liquidity and low sentiment, it's recommended to avoid new coin projects on Binance.
We should primarily focus on projects with long-term narratives.
From the current trend, if Bitcoin continues to pull back, altcoins may suffer even more.
Therefore, at this time, it's crucial to manage positions well and keep some funds available for the Christmas correction.
