🚨BTC reaches a warning for a major correction at one hundred thousand [bomb]
This round of major correction has theoretical basis.
Firstly, the fear and greed index has reached 90 again. This is a very critical signal, as when this index is at a high level, the market often undergoes changes. 😱
Secondly, liquidity is approaching a critical point of exhaustion. What does this mean? It means that most people are already in the market, and the subsequent force to push prices higher may be insufficient. 😟
Thirdly, the contract funding rate remains at 0.03%. The change in this indicator also suggests an unstable state of the market. 🤔
Fourthly, it has been the fortieth day since the daily level rebound began. From historical experience, this is also an important time node. 📅
As long as any one of the above situations occurs, historical data shows that the market may experience a major correction in the near term, and now all four conditions are met! Bulls should be cautious, reduce positions at high points, and don't wait until the correction comes to regret. [Thanks]
The above content is for reference only and does not constitute investment advice.
