The depth of the Nasdaq index's current adjustment is 25% from yesterday's lowest point. It appears that there will be a struggle in this range for several days. Once it stabilizes, there will be a rebound potential of 10 points. The current prediction for the true bottom indicates that there needs to be a reasonable adjustment range of at least 35 points from the high to the low. If you want to buy Bitcoin or altcoins at a big bottom, it is basically necessary to wait until the Nasdaq has bottomed out before entering large positions.

Considering the impact of the sentiment surrounding the U.S. economic recession and rising inflation, if the decline is deep enough and fully reflects the effects of the recession and inflation on corporate profits, the fourth quarter should be the best time window for bottom fishing. Friends, keep hustling to make money.

The cycle of Bitcoin has been completely tied to the fluctuations of traditional financial cycles with the launch of ETFs. The past four-year cycle concept will change to a two-year cycle.