The market situation is not the best and no one knows what to expect, there is a fear of investors in the market. Since the recent drop, bitcoin has lost 40% of its ATH, the fear index has reached 10, and even the altcoins that performed better in the correction, such as NEAR, ATOM, have also lost a little in value. We hit the baseline BTC support of $ 40,000, which we got off to a good start last time, and went to the new ATH. Bitcoin dominance at the bottom. And today we saw a rebound and a small rise in BTC and the market as a whole. Perhaps this is the beginning of a new rally? Is it time to enter the market? I think yes, since we are not that far from a possible second bottom, and even if the lease continues, in any case, we need an upward correction.
Indeed, the situation in the crypto market is ambiguous and it is very difficult to predict what will happen next. Therefore, some analysts recommend not entering the market, but waiting out this uncertainty, others do not recommend anything, but simply try to make money in this situation. If we are talking about whether it is worth investing in cryptocurrencies now, then I would say that it is best to do this when prices are falling, but if the situation suggests that the price may still go down, then it is probably worth the wait. But this applies if you just want to buy cryptocurrency on the market, and there are also other crypto assets of different crypto projects, a number of which can be profitable, which means you can probably turn your attention to investing in this particular direction, and the main cryptocurrencies are worth watching and with the next drop in prices, you can start entering the market.