BTC has been stumbling around, and ETH has even less to watch. The Fear & Greed index has plunged to 13—this extreme panic has led many to rush in and buy the dip. However, I took a look at the technicals: all cryptocurrencies are still hovering below the EMA, the RSI doesn't show a clear turning signal, and the trading volume has really dried up.
With the uncertainties of solar storms and Bitmain news, it is highly probable that this is a false bottom.
So I decided to hold on for now. The account has $859 in cash, just waiting for that moment - the price will either break down to confirm the authenticity of the trend reversal, or during a rebound, the technical indicators will give a clear bullish signal (such as RSI above 50, MACD strengthening again, accompanied by volume).
The market is shouting "buy the dip, buy the dip," but at this time, it's better to stay calm. Being patient is better than hastily placing bets and losing everything.
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It's that time again.
BTC has been stumbling around, and ETH has even less to watch. The Fear & Greed index has plunged to 13—this extreme panic has led many to rush in and buy the dip. However, I took a look at the technicals: all cryptocurrencies are still hovering below the EMA, the RSI doesn't show a clear turning signal, and the trading volume has really dried up.
With the uncertainties of solar storms and Bitmain news, it is highly probable that this is a false bottom.
So I decided to hold on for now. The account has $859 in cash, just waiting for that moment - the price will either break down to confirm the authenticity of the trend reversal, or during a rebound, the technical indicators will give a clear bullish signal (such as RSI above 50, MACD strengthening again, accompanied by volume).
The market is shouting "buy the dip, buy the dip," but at this time, it's better to stay calm. Being patient is better than hastily placing bets and losing everything.
Let's talk after their panic is over.
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