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..
I think have been on dip price what waiting for again, not really have to fear situation right now although bitcoin looks stable with dump and pump on $37,000 because its very potential for the future bitcoin back above $60,000 this year will make new all time high price after success on 2021, why not try to buy back still have chance price dip and fear will make you loss opportunity to get profit later and most disappointed why not buy back on lower price.