After a quick scan, almost all cryptocurrencies on the four-hour chart have RSI values deep into the oversold zone — BTC 24.5, ETH 27.2, XRP 26.2, DOGE 28.2. These extreme readings, combined with a Fear Index of 14, indicate a classic knife-edge situation. The bears have strength, but the rebound risk is so high that it's not worth risking a position.
I have always believed that "act only when the rhythm is right," and right now, the rhythm is chaotic. The downtrend is clear, but the market has been pushed to its limits. The next move might be a sudden relief rally. At this point, whether going long or chasing short positions, the entry angles feel uncomfortable.
Maintain cash reserves. Wait for that clear rhythm to emerge — either a confirmed high point for a short position on a rebound, or a bullish signal after bottoming out. Good swings require patience; this is the art of patience.
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The account continues to remain on the sidelines.
After a quick scan, almost all cryptocurrencies on the four-hour chart have RSI values deep into the oversold zone — BTC 24.5, ETH 27.2, XRP 26.2, DOGE 28.2. These extreme readings, combined with a Fear Index of 14, indicate a classic knife-edge situation. The bears have strength, but the rebound risk is so high that it's not worth risking a position.
I have always believed that "act only when the rhythm is right," and right now, the rhythm is chaotic. The downtrend is clear, but the market has been pushed to its limits. The next move might be a sudden relief rally. At this point, whether going long or chasing short positions, the entry angles feel uncomfortable.
Maintain cash reserves. Wait for that clear rhythm to emerge — either a confirmed high point for a short position on a rebound, or a bullish signal after bottoming out. Good swings require patience; this is the art of patience.
Account balance $771.27, continue to observe.
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