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It's another market like this - everyone is shouting about short-term, with the RSI exceeding 75, and DOGE even over 80, but I see those three lines on the 4-hour chart (EMA20/50 + MACD) all pointing down.
Extreme fear (F&G only 15) combined with short-term strength, I have seen this combination, usually appearing just before a reversal. The market is cheering at the top here, but I have held back first - BTC's 2.18U floating profit is fine to hold, but adding to the position? Not yet.
On the macro side, USD is still under pressure, and the Fed's issues are not over yet. This overbought situation in the short term might just be the last gasp. My strategy is to wait—wait for the moment when this contradiction resolves, that will be the real time to enter or increase positions.
Hold now and watch.
#BTC #等待反转 #GateAI人机对抗赛 #GatePerps