Firmly execute the strategy!
When I bottom-fish, I generally divide the funds into two parts, half on the left side and half on the right side.
The left side is to buy more as it drops, buying until reaching psychological limits.
The right side is to wait for upward momentum or for higher highs and higher lows before buying on the pullbacks. It’s not about not buying when it’s dropping; rushing in when it’s up a few points like yesterday can easily lead to repeated losses.
There is a divergence in the BTC and altcoin markets, but overall, the crypto market still relies on Bitcoin. If Bitcoin doesn’t strengthen, the sustainability of altcoin rallies is questionable;
You can understand it as a rebound from an oversold condition, or as the main capital controlling the average cost of holdings.
Bottoming out and waiting for Bitcoin → Bitcoin hasn’t dropped yet → Bitcoin has dropped → Following the drop → Bitcoin hasn’t hit the target yet → Altcoins pull up to defend prices and wait.
Overall, altcoins are still quite weak in the recent period, and the market liquidity is severely insufficient. However, this is a good time to position because an altcoin bull run is definitely expected next year; the anticipation is too strong;
Right now, I have a pretty obvious feeling that the funds for altcoins are getting a bit restless. The market is generally still in a state of fluctuation, but it’s starting to lean towards a better direction.
