The recent wave in the crypto market has indeed been frightening. Bitcoin has been retracing from its all-time high in October last year, with a decline of nearly 50%. This situation has led many to wait for the so-called "absolute bottom," but well-known Wall Street analyst Tom Lee recently offered a completely different suggestion at the Consensus conference in Hong Kong.

Tom Lee straightforwardly said that instead of persistently waiting for that lowest point, which may not even be the one you can capture, it's better to start looking for entry opportunities now. He believes that although this correction is fierce, there are clues behind it—mainly the intense volatility in the precious metals market has triggered a chain reaction. Earlier this year, the gold market experienced daily fluctuations worth trillions of dollars, triggering large-scale margin calls, which in turn dragged down the entire risk asset category, including cryptocurrencies.

But here’s the key point: Tom Lee believes this situation is about to turn around. He pointed out that although Bitcoin has not performed as well as gold this year, he expects gold prices to have already peaked, while Bitcoin is poised to rebound and could surpass gold again by 2026. Behind this bold judgment is his deep understanding of market cycles.

Regarding Ethereum, Tom Lee reminds the market to pay attention to an interesting historical pattern: since 2018, Ethereum has almost always experienced a strong rebound after a 50% retracement. He cites technical analyst Tom DeMark’s view that Ethereum might still need a brief dip, falling below $1,800 to form a "perfect bottom," laying the foundation for a more sustained upward trend.

Currently, Bitcoin hovers around $81,000, and Ethereum fluctuates around $2,300. Instead of obsessing over where the bottom is every day, it’s better, as Tom Lee suggests, to start using courage and rationality to find opportunities now. After all, the greatest risk in the market often comes from hesitation.