Today, my mood was a bit complicated while watching the market. BTC is hovering around $74,615, down only 0.36%, but this kind of slow decline really tests patience. This morning, it even surged to $75,534, and I was thinking whether it was about to break through, but by the afternoon, it was hammered down to $73,309, taking a wave of profit and loss.


What impressed me the most was that the Fear and Greed Index has dropped to 21, indicating Extreme Fear... The last time I saw this number was during the correction at the end of last year. Honestly, when the market is this panicked, it often signals that opportunities are coming. But, since I haven't heard the sound of the knife falling, I don't dare to buy the dip easily.
Today, I didn't open any positions, just quietly observing. The funding rate is still normal at 0.0033%, indicating that neither bulls nor bears are extremely biased. The trading volume is 1.29B, considered moderate—no surge, but also no extreme contraction.
At this level, there's still room to fall, but also reason to expect a rise. From a technical perspective, the $73K level has been tested multiple times; if it breaks below, I might look at the $1.29B-$70K range. But with such panic sentiment, it actually makes me a bit hopeful for a rebound.
I plan to observe for another two days. If it can stabilize above $73K and sentiment begins to recover, I might consider gradually entering some spot positions. After all, the best strategy in the late stage of a bear market is patience and incremental building.
BTC4.97%
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