Bottom Fishing Signals: Will the Market Continue to Fall? While the current atmosphere in the markets suggests we are approaching a stage of "capitulation," a clear reversal signal has not yet emerged. Technical Outlook: The completion of a "Head and Shoulders" pattern in Bitcoin and the breach of critical support levels are pushing technical analysts toward caution. Although the RSI (Relative Strength Index) on weekly charts has entered the oversold zone, past cycles demonstrate that this signal can appear several weeks before the actual bottom is reached. What to Watch for Bottom Fishing? Three fundamental signals should be tracked for the ideal entry timing: High-Volume Reversal Candle: A sharp green candle on the daily close accompanied by trading volume at least 1.5 times the average. Reversal of ETF Flows: A stabilization and move into positive territory for Bitcoin ETF outflows, which have averaged over $800 million daily since late January. Fear and Greed Index: The index dropping to a level of "9," testing the extreme fear levels seen during the FTX collapse, is generally considered an "opportunity zone" for long-term buyers.
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#当前行情抄底还是观望? #BTC
Bottom Fishing Signals: Will the Market Continue to Fall?
While the current atmosphere in the markets suggests we are approaching a stage of "capitulation," a clear reversal signal has not yet emerged.
Technical Outlook: The completion of a "Head and Shoulders" pattern in Bitcoin and the breach of critical support levels are pushing technical analysts toward caution. Although the RSI (Relative Strength Index) on weekly charts has entered the oversold zone, past cycles demonstrate that this signal can appear several weeks before the actual bottom is reached.
What to Watch for Bottom Fishing? Three fundamental signals should be tracked for the ideal entry timing:
High-Volume Reversal Candle: A sharp green candle on the daily close accompanied by trading volume at least 1.5 times the average.
Reversal of ETF Flows: A stabilization and move into positive territory for Bitcoin ETF outflows, which have averaged over $800 million daily since late January.
Fear and Greed Index: The index dropping to a level of "9," testing the extreme fear levels seen during the FTX collapse, is generally considered an "opportunity zone" for long-term buyers.