Many people today dare not even open their accounts. BTC has been declining from 75,000 and is now precariously close to 68,000. Looking at the panic index, which has turned a deep shade of purple at 8, are you also wondering: is this bull market completely over?
But I want to pour you a basin of refreshing cold water at this freezing moment.
1. Algorithm Insights: When 'extreme panic' meets 'main force accumulation'
1. What does the index 8 represent? Historically, when the panic index enters single digits, it basically indicates that short-term leverage has been completely wiped out. The current decline is purely caused by retail investors' psychological collapse leading to an inertia-driven sell-off.
2. The conspiracy of declining volume: Everyone should pay attention to the trading volume; this decline has not been accompanied by a surge in selling. What does this indicate? The big players haven't moved at all; those who are acting are terrified retail investors.
2. Data monitoring: What are they doing at the bottom?
Real-time monitoring shows that in the past 48 hours, although the coin price has dropped, the amount of BTC transferred to cold wallets on-chain has surged. The conclusion is clear: the big players are taking advantage of your fear, wildly consuming the blood-stained chips you hand over!
3. The next operational strategy
Final line of defense: $66,500 (support level adjusted downwards). This is the ultimate support level for this round of correction; as long as it holds, the trend remains.
• Operation advice: Cutting losses now is the dumbest action. Cautious investors should wait for a confirmation of a rebound at 71,000, while aggressive investors can enter in batches, as the cost-performance ratio here is extremely high.
Do you want to be the retail investor scared off at the index of 8, or be the winner ambushing before dawn?
Leave your thoughts in the comments section! 👇