Want to buy the bottom of the altcoin? My opinion is that it is not the right time yet!
Although there was a rebound in the past few days, from the technical analysis point of view, most altcoins have not yet formed a clear buy signal, so the buying opportunity is not yet mature and is expected to appear in August. Some of the active altcoins have seen price increases of more than 20%, showing strong market momentum.
However, when participating in these currencies, you should act with caution and refer to the suppression level formed in the early stage as an important basis for judging future trends.
In the face of the current market situation, I suggest that investors adopt a wait-and-see strategy, keep calm and observe, do not chase high easily, do not blindly buy the bottom, and wait for a more secure opportunity to appear.
By deeply analyzing market dynamics and technical indicators, wait for a clear buy signal to appear before making a decision to avoid potential market risks. I hope everyone can treat the altcoin market rationally and make wise investment decisions.
