Regarding whether the market has bottomed out, there is currently no conclusion,
but the signs of major capital accumulation are very obvious.
Recently, there have been unusual movements in the market, with a significant increase in trading volume, indicating heightened capital activity. However, the reversal signal of the downtrend has not yet been clearly defined, and the market may still be in the bottoming phase, making it difficult to confirm that the decline has ended in the short term.
Similar to the emphasis on robust risk control strategies in the payment finance sector, I believe that although there are signs of a rebound in the current market, it is not suitable to chase short positions. The bottom may be approaching, but the bulls still need to remain patient and wait for a clearer entry opportunity.
These past two days coincide with the Federal Reserve's Jackson Hole meeting, and it happens to be the weekend, so market fluctuations are inevitable, and intense volatility may cause emotional ups and downs. Prices will not rise straight up, and there is no need to worry too much about missing opportunities. From a technical perspective, the bottom patterns of Bitcoin and Ethereum have not yet fully formed, and further observation is still required in the short term. Investors are advised to closely monitor the meeting news and on-chain data, patiently waiting for the market to provide clearer signals.
