$BTC Is this wave of selling about to push sentiment to its limit?
Recently, I’ve started paying close attention to one indicator: BRS
BRS is now at 95, just one step away from 100. Based on its historical performance, this level often suggests that market panic has been largely flushed out, and the chances of a short-term rebound may be increasing.
Looking back at the 2018 bear market, several notable rebound lows occurred when BRS was close to 100 and then started to fall.
#Zcash自9月以来首次跌破1000美元
So right now, I’m less focused on how much further prices could drop and more on when BTC will show genuine signs of bottoming out.
Of course, BRS nearing 100 doesn’t mean the bottom is in, let alone that the bull market is over. You can watch for an oversold bounce in the short term, but the broader trend still needs to be assessed alongside trading volume, fund flows, and price structure.
My take: there’s no need to panic blindly, but don’t rush to buy the dip either. Be patient and wait for the market to give a signal. Opportunities often go to those who are prepared.
Do you think BTC will rebound again this time when market panic reaches an extreme?
#Strategy或遭MSCI剔除，面临最高28亿美元卖盘
Recently, I’ve started paying close attention to one indicator: BRS
BRS is now at 95, just one step away from 100. Based on its historical performance, this level often suggests that market panic has been largely flushed out, and the chances of a short-term rebound may be increasing.
Looking back at the 2018 bear market, several notable rebound lows occurred when BRS was close to 100 and then started to fall.
#Zcash自9月以来首次跌破1000美元
So right now, I’m less focused on how much further prices could drop and more on when BTC will show genuine signs of bottoming out.
Of course, BRS nearing 100 doesn’t mean the bottom is in, let alone that the bull market is over. You can watch for an oversold bounce in the short term, but the broader trend still needs to be assessed alongside trading volume, fund flows, and price structure.
My take: there’s no need to panic blindly, but don’t rush to buy the dip either. Be patient and wait for the market to give a signal. Opportunities often go to those who are prepared.
Do you think BTC will rebound again this time when market panic reaches an extreme?
#Strategy或遭MSCI剔除，面临最高28亿美元卖盘
