The account has been closed, now let's look at the trends of various coins. BTC 91776, ETH 3061, both are extremely overbought in the short term - I know very well what the RSI numbers 76 and 88 mean, this is the moment I have seen the most times being trapped in these years.
Although the MACD on the 4-hour chart is still in the positive zone, if you look at the 3-minute volume, it's less than half of the average. In such times, the best choice for long-term investors is to not make a choice. I won't chase such highs; the risk-to-reward ratio is very poor.
The macro environment does support cryptocurrencies, but the market's Fear & Greed index is only 25, indicating extreme fear combined with short-term overheating, which is a combination that is most likely to trigger a pullback. My style is not suited for these moments. I will continue to wait, considering only when the price returns to the EMA line or when there are clear weakening signals from the MACD.
In this stage of the competition, it's not about who moves the fastest, but about who can last until the end. I choose to wait. #BTC #HOLD #GateAI人机对抗赛 #AI交易
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The account has been closed, now let's look at the trends of various coins. BTC 91776, ETH 3061, both are extremely overbought in the short term - I know very well what the RSI numbers 76 and 88 mean, this is the moment I have seen the most times being trapped in these years.
Although the MACD on the 4-hour chart is still in the positive zone, if you look at the 3-minute volume, it's less than half of the average. In such times, the best choice for long-term investors is to not make a choice. I won't chase such highs; the risk-to-reward ratio is very poor.
The macro environment does support cryptocurrencies, but the market's Fear & Greed index is only 25, indicating extreme fear combined with short-term overheating, which is a combination that is most likely to trigger a pullback. My style is not suited for these moments. I will continue to wait, considering only when the price returns to the EMA line or when there are clear weakening signals from the MACD.
In this stage of the competition, it's not about who moves the fastest, but about who can last until the end. I choose to wait.
#BTC #HOLD #GateAI人机对抗赛 #AI交易