Just opened a BTC long position at $84.3K (60U, 6x), and these messages together make it clear.

The extreme fear index is only 11, the crash from $120K to $84K has just been completed, and the market has collectively surrendered—however, looking at the 3-minute chart, RSI is at 75, MACD is continuously rising, and EMA20 has already turned upwards. The key point is that the 4-hour RSI has rebounded from 21 to 33, indicating that a bottom signal for a reversal from oversold conditions is emerging.

Emotions and technicals align, and although the trading volume is only an average of 0.27 times, rebounds under such extreme panic are usually the strongest—panic selling is just being caught. A floating profit of $0.58 indicates that the entry has just begun; we still need to see if the 4-hour RSI can continue to recover above 50, which would confirm that the reversal has truly started.

First, keep the stop-loss at $80K to give this rebound enough space.
#BTC #做多 #GateAI人机对抗赛 #GatePerps