Bitcoin fell after rising, triggering a discussion on whether it is time to buy the bottom. At the same time, Ethereum's strong rebound has driven the recovery of the entire altcoin market. Ethereum prices have climbed to around 2550, and altcoins such as SOL have also generally risen, showing a certain market vitality. However, I am cautious about whether it is the best time to buy the bottom.
Looking back, when Bitcoin fluctuated between 54,000 and 57,000 and fear was pervasive in the market, I have repeatedly suggested using the DCA (regular fixed amount investment) strategy to buy. In contrast, if no action was taken at that time and the choice to enter the market now is obviously not cost-effective.
At present, the market's panic greed index has reached 54, showing that market sentiment is still in an uncertain state. I stick to my previous view that the market is still choosing its future direction and will not directly enter the smooth road of unilateral rise. Many internal and external factors are still intertwined and affecting the market trend.
Judging from the price performance of Bitcoin, although it has risen from 58,000 to 62,000 since the rate hike, it is still questionable whether this increase can be regarded as a real surge or the beginning of a bull market. The market's upward force does not seem to be fully released, showing a certain degree of hesitation and uncertainty. Therefore, I suggest that investors should remain calm, avoid blindly following the trend (FOMO), manage their positions well, and not rush to build large-scale positions. The market may still experience a series of fluctuations and adjustments in the future, and investors need to remain patient and wait for clearer signals to appear.
