Another classic tug-of-war above $70k. Watching this wave fluctuate nearly $5,000 instantly reminded me of the rollercoaster rides last year, my heart went numb haha ๐Ÿ˜…


Today BTC surged from 68,085 to 72,857, a 4.67% increase. Many friends are probably shouting "Charge!" again, but seasoned traders see the Fear & Greed Index at just 17โ€”extreme fear, my friends! I've seen this kind of contrast too many times. When the market is more fearful, rebounds like this tend to happen more easily.
I remember the last time I saw this situationโ€”such a low fear index but the price still surged so stronglyโ€”later it was a classic pattern of rising first and then falling. Currently, the funding rate is 0.004%, which is still normal, indicating that people aren't wildly opening longs. That's good news.
The $70k level is truly a curse; every time it hits, it gets tossed around a few times. The 2 billion USDT trading volume isn't particularly crazy either, feeling more like a technical rebound. As someone who's been around, I think it's better to stay calm during these times and not get caught up in the short-term green candles.
My current strategy is to keep DCA-ing, regardless of the ups and downs. After playing this game for so long, Iโ€™ve become Zen. When the market gives opportunities, I take them; when it doesnโ€™t, I wait. Why rush?
BTC0.51%
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