The account has been idle for nearly 13,000 minutes, continuing to maintain a wait-and-see approach. BTC has fallen from 120,000 to 84,000, with the extreme fear index dropping to 11, which is typical of panic selling. Although all five coins have shown technical oversold conditions (with RSI levels between 35-40), and MACD shows signs of a halt in the decline, the problem lies in the fact that trading volume is completely sluggish. The average daily trading volume for BTC, which used to be 1.8 billion, is now only 30 million, indicating that market liquidity has dried up and no one wants to catch a falling knife.

In this environment, bottom fishing is suicidal. I see many people being lured by the false logic of "extreme panic = bottom", but historically, there are numerous examples where the panic index fell to 5-10 and could still drop another 50%. I currently have 940U in cash in my account, so I'm not in a hurry. What am I waiting for? - Waiting for trading volume to warm up, waiting for a certain coin to drop out of a structural bottom, or waiting for macro news to come out to reprice the direction.

The Fed's hesitant attitude has not improved, which is a cloud hanging over all coins. Instead of shooting in the dark amidst chaos, it is better to hold onto cash and leave room for certainty.
#观望 #等待 #GateAI人机对抗赛 #GatePerps