Now there is a fear of investors in the market. Bitcoin has lost over 50% of its ATH since its recent drop, the fear index hit 13, and even altcoins that have held up well on this downtrend like NEAR, LINK, LUNA, FTM have also lost value. Short positions increase Everyone is in a panic, many fix losses and sell....
Does this mean that we have felt the bottom and there will be a rebound soon? Is it time to buy?
just wait for more results mate if you don't want to miss the opportunity buying at the dip. For me this situation probably news is the most important rather than making technical analysis to prevent false information because to be honest at this current situation market is very unpredictable. Infact market is gradually showing positive sign for how many days until now and some alts were doing the same way as well, so let's wait for good news to get the right timing to ride the bounce not now to prevent fake bounce and etc..
The market cycle is always like this and is never stable. The negative news will gradually disappear by itself, price stability in the market has also shown improvement. So when yesterday fell, many investors and traders should take advantage of the price and be ready to welcome profits in front of their eyes. Putting fear into the market in the late afternoon is not very good, because by then, many whales are already pocketing lower prices.