Judgment of the Bottom of Altcoins and the Key Role of BTC
At the current stage, the bottom of altcoins is clearly the focus of everyone's attention. Based on the logic you mentioned, let's analyze how to further assess the bottom and the influence of BTC:
1. Possibility of an Altcoin Bottom
• Previous Pin Insertion Point: Usually, the previous pin insertion point is a strong support area, as this was where funds entered on a large scale. If altcoins can stop falling and rebound in this area, it may confirm the bottom.
• Hypothesis of Breaking Down by More Than 10%: If the bottom indeed breaks the previous low by more than 10%, it may indicate a further decline in market risk appetite for altcoins. In this case, the bull market may be delayed until around March for an explosion, but it also provides an opportunity for lower accumulation.
2. The Key Role of Bitcoin
• BTC Stable, Altcoins Live: Bitcoin is still the market's barometer; its stability is crucial for whether altcoins can rebound quickly. As long as BTC maintains above strong support, the rebound of altcoins' bottom may just be a matter of time, potentially even within a few days.
• Impact of BTC Breaking Down: If Bitcoin unexpectedly falls below an important support level, it will have a chain reaction on the entire market, and altcoins may further decline. However, this process may also accelerate the bottoming.
Operational Suggestions
• Short-term Strategy: Focus on Bitcoin's key support areas (such as important daily support levels for BTC), combined with the pin insertion points of altcoins to determine entry timing.
• Medium to Long-term Perspective: Even if there is a short-term break of support, the bull market timeline may just be postponed, and buying on dips remains the main strategy.
Summary
Stabilizing Bitcoin is the core condition for a rapid rebound of altcoins. At the current stage, one can patiently observe market fluctuations, combining pin positions and BTC trends, to strategize low-position layouts in batches, waiting for the arrival of the main wave of the bull market.