Where is the bottom? Is there a chance of a pullback?
It's almost the bottom. If you still have money, buy the dip. If you don't, hold on. Don't run. Don't sell at a loss. Don't be caught dead before dawn.
The ceiling should be around 4050. Another drop won't hurt.
Now let's talk about the altcoins everyone is concerned about. Let's go back to June.
Back then, Ethereum hit 2800 before a market correction to around 2200. Around the same time, Dogecoin plummeted from 0.26 to 0.14, nearly halving. Other altcoins also suffered horrifically.
This time, history is repeating itself. Ethereum plummeted from 4800 to 4100, while Dogecoin plummeted from around 0.26 to 0.21. Others fared better. The benchmarks are as stable as old dogs. For example, Sol is still 180, Uni is still 10 yuan, LDO is still 1.3 yuan, and Link is still nearly 25.
You have to remember that during the June pullback, Link fell to 10 yuan, then hit the bottom again.
The altcoin market has already completed its bottoming out. The Link I recommended a few days ago is the best proof of this. We are now in the final stage of the bull market. Ethereum funds are overflowing into good altcoins, and altcoins are booming.
Speaking of Link's 10 yuan price, or the altcoin bottom, let me address the claim that altcoins have no bottom when they fall. Of course, if you like to buy a coin that goes to zero, that's true.
But if you buy a good and useful benchmark, that coin will have a bottom that won't fall any lower. LDO is 0.6, and Link is 10, which is the lowest point of the April 7th wave of the market shakeout. This point is the limit of the subsequent correction. In other words, no matter how much it pulls back after April 7th, a good benchmark won't fall below this point.
Of course, you can't If you're using garbage like OP to refute me, then go find someone who tells you to buy these zero-value coins. It has nothing to do with me. When I'm bullish on altcoins, I only research the ones I recommend.
That's why I'm confident you can more than double your money. If they explode, come to me. Because these coins have already seen a little over double their value since the bottom, no matter how much they pull back, they won't return to the extreme lows of April 7th.
Unless there's a world-class black swan event, there's nothing we can do. We can only blame it on bad luck. But historically, black swan events almost always occur after interest rate hikes, so the probability of them happening to you is very small.
