Bitcoin has fallen nearly half from its October high last year, when the price once exceeded $126,000, followed by a weakening market sentiment and a comprehensive pullback in cryptocurrency asset prices. However, Monaster indicated that four indicators he tracks show that the market may be gradually entering a potential "accumulation zone."
One of the indicators has already entered a historical low zone, while the other two are concentrated around $54,000 to $58,000. Although Bitcoin's current price remains around $71,000, higher than the zones corresponding to these indicators, the price briefly touched $60,000 in February this year, meaning the market has actually approached the upper edge of the potential bottom zone.
Monaster believes investors don't need to excessively pursue precise bottom-fishing. He points out that in the previous bear market, if investors bought in at $19,000 while the eventual low was $15,600, the difference was actually not significant for long-term holders. Therefore, he recommends that investors adopt a staged deployment strategy rather than waiting for a perfect entry point.
Bitcoin has fallen nearly half from its October high last year, when the price once exceeded $126,000, followed by a weakening market sentiment and a comprehensive pullback in cryptocurrency asset prices. However, Monaster indicated that four indicators he tracks show that the market may be gradually entering a potential "accumulation zone."
One of the indicators has already entered a historical low zone, while the other two are concentrated around $54,000 to $58,000. Although Bitcoin's current price remains around $71,000, higher than the zones corresponding to these indicators, the price briefly touched $60,000 in February this year, meaning the market has actually approached the upper edge of the potential bottom zone.
Monaster believes investors don't need to excessively pursue precise bottom-fishing. He points out that in the previous bear market, if investors bought in at $19,000 while the eventual low was $15,600, the difference was actually not significant for long-term holders. Therefore, he recommends that investors adopt a staged deployment strategy rather than waiting for a perfect entry point.