Anyone who disturbs the trading mindset is poison!
1. Every time you open the square or X, you see that most posts are in fanmai anxiety, which means what you see more is exacerbating our greed and fear. Trading is inherently counterintuitive. If you see someone making a lot of money by bottom-fishing or someone else making a lot from contracts, it will lead more people to trade emotionally and impulsively. (Basically all marketing costs)
2. The only bullish signal for BTC yesterday was that the fast and slow lines were on the zero axis, which means that this situation is unlikely to form an accelerating downward trend; the timing is not yet ripe. The pressure area on the hourly chart is 70K, where the moving average system will entangle a bit. Pay attention to the directional choice after the moving averages converge in the next two days (the general direction is downward, and we need resonance signals on the hourly chart; if the hourly chart chooses to go up, it indicates that the rebound will continue).
3. I thought that 4400 for PAXG yesterday was a significant support level (neckline), and I also suggested trying to buy in. Who knew it dropped from 4600 to 4150 in one go? However, the current price is still hovering around 4400.
Yesterday's daily chart closed with a hammer line, and the lower shadow is incredibly long. Unless something unexpected happens, the lowest point of this hammer line is likely the low for the past few months, a very standard PB signal. My opinion is to still hold onto the 4400 chips.