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The market has fallen sharply. Is it a good time to buy the bottom now?
On September 18, the Federal Reserve is very likely to start a rate cut cycle, and the news will have a great impact on the market trend. There are only a few days left before the rate cut, and Cousin CZ is likely to be released this month. Many projects were previously planned to go online around September, so whether the market continues to fall or not, September is a period full of opportunities. Be more diligent and try to seize more opportunities.
In the ten years from 2013 to 2023 in the cryptocurrency circle, only September in 2015, 2016 and 2023 saw a slight increase, and September in the other seven years was a sharp drop. However, the market was basically all rising in October. Therefore, the saying of "Golden September and Silver October" in the currency circle does exist, but this "Golden September" may mean that there may be a golden pit in September for people to buy at the bottom.
I don't know where the bottom of Bitcoin is, but what I know is:
1. Liquidity will come sooner or later, and the interest rates added by the Federal Reserve in the past will inevitably be transformed into the driving force for flooding in the future, and the new president taking office is a good opportunity.
2. Judging from the situation in previous election years, October to November is usually the bottom area of the market.
3. When the increase in Bitcoin reaches a certain level, the altcoin will naturally follow.
Build in batches when it is time to build a position
If you believe that the current bull market cycle is not afraid of how difficult it is now! Build in batches when it is time to build a position
On the contrary, if you don't believe it, sell everything as soon as possible! Retire and return home!
I believe it! So I am now starting to buy big when the price drops sharply and buy small when the price drops slightly. How much faith you have determines how long you hold your position!
Therefore, stick to your own way of thinking, do not regret whether you are right or wrong, and test your own cognition