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Bitcoin has declined nearly half from its October high last year, when the price briefly exceeded $126,000, after which market sentiment weakened and crypto asset prices fell across the board. However, Monaster indicated that four indicators he tracks suggest the market may be gradually entering a potential "accumulation zone."
One of these indicators has already entered a historically low area, 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, suggesting the market has actually approached the upper edge of this potential bottom zone.
Monaster believes investors don't need to pursue precise bottom-picking. He pointed out that in the last bear market, if investors bought at $19,000 while the eventual low was $15,600, the difference was actually insignificant for long-term holders. Therefore, he recommends investors adopt a dollar-cost averaging strategy rather than waiting for a perfect entry point.