Explain why we still can't buy the dip through the Greed and Fear Index?

Figure 1 shows the current daily level second wave rise peaking and correcting, with a current decline time of 2 days and a drop of 11.26%;

Figure 2 shows the extent of the 4 crashes and extreme values of the fear index during the last bull market, basically all below 40 after which the market welcomed new buying power. The second wave rise adjustment cycle of the last bull market lasted 7 days with a drop of 26%, with the signal daily line stabilizing, but small-scale fluctuations were very large, meaning that the crash was accompanied by strong rebounds. The macro background of the last round was during the pandemic's extensive monetary easing period, inevitably leading to more active funds. The second wave rise of this bull market surged from around 53000 to around 108000, which is already considered a doubling increase, accompanied by expectations of interest rate cuts and Trump's friendly policies towards cryptocurrencies, which have already realized all the positives in advance. Powell's one statement cooled the market, and U.S. stocks, gold, silver, including the A-shares, are all adjusting. The market needs a new narrative to activate it for a new round of rises, and coupled with the fact that the time before Christmas is generally not very peaceful, this is also why I reminded the community to clear out their spot and long positions two weeks before Christmas at the end of November. Next, on January 20, Trump will take office, and if he really incites various countries to regard Bitcoin as a strategic reserve, then we shouldn’t care too much about the Fed cutting rates a few times. In the face of absolute national policies and political direction, everything is secondary. A Bitcoin in the range of 73000-87000 is very attractive, buy boldly! All positives and negatives are already priced in, and the current decline is an early pricing for the Fed's two rate cuts next year. This is good news for the market's subsequent development. If there happens to be another unexpected rate cut, that would be a positive surprise, and the market will boil again. The rate has been cut, but the water hasn't been let in yet; whether it's a slow bull market or not, at least we can embrace it for another year. #比特币市场波动观察