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Analysis: Market confidence is approaching an emotional bottom, and a potential "best hitting zone" may emerge.

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On November 9, analyst Murphy posted that the investor confidence index is approaching the emotional bottom (red zone) infinitely. If BTC does not rebound significantly immediately, we will see the effective trigger of this signal on some day next week. For traders waiting with a Short Position, a potential “best hitting zone” may appear. In historical data, the optimistic zone between every two segments of the red panic zone corresponds to major trend movements. Recent indicators have remained in the hesitation zone, representing that the sentiment of market investors is constantly wavering, and there is no Consensus on the future market direction. This analysis is for learning and communication purposes only and does not represent investment advice.

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