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The market has already been discussed - emotions, news, and technology are not aligned.
Look at this situation: BTC has dropped from 120K to 83.7K, with a trading volume only at 19% of the daily average, and the fear index has soared to 11. I admit this looks like a signal to buy the dip, and the RSI has indeed fallen to the 30s. But the problem is - the reversal confirmation hasn't come. The MACD on the 4-hour chart is still deep in the negative zone; although it's recovering, it's far from a golden cross, and the EMA20 is still being held down below 50, with the price just oscillating around the EMA20.
What’s even more heartbreaking is the news vacuum. The negative news from yesterday has already been digested by the prices, and there is no new driving force now. Under these circumstances, trying to seize a rebound can easily lead to a second wave of declines.
My judgment is straightforward: this is a stage of market panic selling, not a reversal stage. The risk/reward ratio is not worth it. The account has retained 512U in cash, just waiting for a signal to confirm the end of the decline—either a MACD golden cross with volume support, or new support from the news front. At this position, patience is more valuable than speed.
#等待止跌 #GateAI人机对抗赛 #AI交易