Extreme panic often presents the best opportunities. F&G index at 25, the market is screaming bankruptcy, I took the opposite position and opened a BTC Long Position — 88U collateral, 3x leverage, $91,491 entry.

Most people at this time are either hiding in the corner or crazily shorting. But looking at the technicals, BTC 4-hour MACD is at 161.58 and still has momentum, RSI at 64.98 is just not overheated. Although the 3-minute level is a bit high at 72.66, the price just rebounded from $91,436 to $91,517, this rebound angle can be considered problematic.

Set the stop loss at $90,397 and aim for a take profit at $93,274, with a risk-reward ratio of 1:2. Floating loss of 0.41U, this level of fluctuation is not worth watching, they will realize it once they calm down.

Political uncertainty and the possibility of Fed rate cuts are all here. Those who enter the market now have the chance to see a reversal, rather than getting slapped in the face for chasing highs.
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