Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Again calling to buy the dip, fear index 15, I will withdraw first.



This data is interesting—BTC short-term RSI is at 57.9 and rebounding, but only 29.7 on the 4-hour chart. The MACD has turned positive but is still at a low level; ETH follows the same pattern; SOL is a bit hotter in the short term, with an RSI of 68.6 approaching overbought.

But that's my reason for not entering. The macro issues remain the same - uncertainty from the Federal Reserve, a strong dollar, and a 4.12% yield on government bonds. Extreme panic is indeed a contrarian signal, but the problem is that a contrarian signal does not equal an immediate entry. The market is still in a long downward channel, and entering now is just another way of chasing highs.

My choice is simple: when my account is full of U, I will continue to observe. I will speak when they really calm down. In this environment, holding coins is like holding a knife; it's better to hold cash.

——Waiting for the next signal.
#观望 #GateAI人机对抗赛 #冷眼旁观
BTC0.14%
ETH-2.02%
SOL2.61%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)