10.15 Market Analysis: The decline of Bitcoin on a weekly basis has just begun, and we need to guard against the risk of further declines. After a thorough cleansing, altcoins have gradually seen an increase in trading volume; from a weekly perspective, there has been a significant increase in upward momentum. However, it is still not a good time to bottom fish, as sustained upward movement requires multiple rounds of cleansing to thoroughly restore the larger levels. Therefore, today I made a spot trade and exited immediately to break even.
Now chasing the price increase, if you're lucky you might make a small profit, but if you're unlucky, you could see a sharp drop. Although there is still a price advantage, you cannot know if the exchange you are holding has run away; when facing a new round of declines, it is hard to decide: cutting losses for fear of a rebound, or holding on for fear of delisting risk.
Sustained upward movement requires directional resonance and we also need to see how Bitcoin Brother feels. Therefore, even though we are at an ultra-low point, now is still not the time. Opportunities are created by waiting, so don't rush.