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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 ๐
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 17โextreme 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 situationโsuch a low fear index but the price still surged so stronglyโlater 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, Iโve become Zen. When the market gives opportunities, I take them; when it doesnโt, I wait. Why rush?