Give everyone some confidence and boost their blood:
Currently, the daily RSI is already in an oversold state, and the current value is 27. Looking back over the past two and a half years, there have been three cases of oversold daily lines:
The first time: At the end of 2022, the FTX crash caused the price to fall to 15,500, then rebounded to 18,000, and then slowly fell.
The second time: In March 2023, the US banking crisis caused the price to fall to 19,500, the daily line was oversold, and then rebounded to 30,000.
The third time: In August 2023, the price fell from 31,000 to a minimum of 25,000. This oversold was the most serious. After that, starting in October, Bitcoin rebounded rapidly and ushered in a big rise.
The reason I tell you all this is to help you maintain a stable mentality. Don't let your mentality collapse first because the price hasn't collapsed yet. If your spot position is not full, pay attention to the spot! Now 61,000 can be full, and there is no need to pursue the so-called lowest point. The contract should also pay attention to the risk of a second exploration. It cannot be said that there will be a second exploration, but judging from the historical trend, there will be a second exploration. Therefore, contract players should not rush to enter the market at present, and wait until it stabilizes before entering!
