Is now a good time to bottom fish? Based on professional market analysis, Bitcoin currently does not meet the criteria for a definitive bottoming. Blindly entering full positions on the left side is not advisable. Although BTC price has experienced a phased correction, the ahr999 indicator has entered the traditional bottoming zone, and the weekly RSI is in oversold territory, the rebound momentum is insufficient, and resistance above is clearly pressing down. There is still a risk of a second bottom in technical terms. From a capital perspective, Bitcoin ETF shows net outflows, and institutional trading sentiment is cautious, making the market more vulnerable. On the macro front, Federal Reserve monetary policy remains uncertain, and global regulatory policies are not fully clear. The positive effects of the April halving have been priced in by the market, and the marginal driving effect has weakened. Combining technical indicators, capital flow, macro environment, and market sentiment for a multidimensional assessment, the current strategy is only suitable for long-term investors to cautiously build positions through small, incremental investments. Position sizes and leverage should be strictly controlled. Short-term traders should wait for confirmation of breakout volume, capital inflow, and other right-side signals before acting. Overall, be highly alert to the risk of retracement caused by high volatility.