Come and add to your holding faith~



1. Currently, Bitcoin's monthly chart has experienced five consecutive declines. If this month closes with a down candle again, it will be the sixth consecutive monthly decline.

However, after a major crash, there is often an oversold rebound.

Case 📚: After Bitcoin experienced six consecutive monthly declines in 2018, it also saw a more violent five-month rally, with a gain of up to 300%.

Reduce leverage, stay alive first, don't leave the trading table—there's always a chance.

2. The Fear and Greed Index has been below 20 for nearly two months. According to past patterns, an index below 20 typically doesn't last more than two months. Dawn is just around the corner; hold on a little longer and you'll see the light.

3. Major technical indicators are all at or near bottom.

MACD monthly momentum is weakening.

RSI monthly oversold indicator has bottomed out.

2019 bear market low point: 47
2022 bear market low point: 41
Current value: 43

Stoch RSI monthly has already bottomed out.
Double track below 20 indicates oversold.
Current values are 0.03/0.09, already severely oversold.

CCI indicator monthly: -95.75
Below -100 indicates oversold.

$BTC
BTC1,25%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin