There are different observations and analyzes regarding the rise and fall of Bitcoin (BTC) and whether it is suitable to buy the bottom right now. The strong rally in Ethereum (ETH) has indeed led to an upward trend in other altcoins, including tokens such as SOL which have also recovered significantly. However, there are many factors that need to be considered when judging whether it is a bargain hunting opportunity.

The author of the original article does not support immediate bargain hunting. The reason is that when Bitcoin was hovering in the range of 54,000-57,000 US dollars, the market fear and greed index was in the fear range. At that time, it was recommended to adopt the DCA (regular fixed investment) strategy to buy. In contrast, if investors did not take action at the time and chase high prices now, it would not be cost-effective from a cost-benefit perspective.

Currently, the market's panic and greed index has reached 54, showing that market sentiment is still fluctuating. The author maintains his previous view and believes that the market is still choosing a direction. The future will not simply rise all the way, but will be affected by a variety of on- and off-site factors. Judging from the price trend of Bitcoin, although there has been an increase since the interest rate hike, the increase from US$58,000 to US$62,000 cannot be simply defined as a big rise or a bull market, because market forces have not shown sufficient strong momentum.

To sum up, although the rebound of altcoins such as Ethereum is encouraging, when judging whether it is a bargain hunting opportunity, investors should carefully consider the overall market trend, sentiment indicators and historical price performance, and avoid blindly chasing highs.