Looking at the recent trend of FOLKS(FOLKSUSDT) over the past few days, many people have started to consider bottom fishing. However, after carefully analyzing this 1-hour candlestick chart, I must honestly say—entering the market now carries significant risk.

From a technical perspective, there are indeed many issues. The Bollinger Bands have long since opened wide like a bloodthirsty mouth, with the upper band at 6.058 and the lower band stuck at 4.507. The current price of 4.884 is close to the lower band, indicating that there is still downward pressure. The MACD further illustrates the problem: the DIF line (0.124) is firmly pressed below the DEA line (0.061), with the green bars continuously enlarging. The MACD histogram value is -0.125, clearly indicating that bearish momentum is strengthening.

From a data standpoint, today’s performance is also quite dull—opening at 4.883 and closing at 4.884, with a mere 0.00% increase, but with a volatility of 2.68%. This "calm on the surface, turbulent underneath" situation usually suggests that the direction has not yet been determined. What’s more concerning is the on-chain activity: there are no signs of large-scale accumulation by big players; instead, funds are continuously flowing out, and project news remains very quiet.

In this context, rashly bottom fishing is like giving money to the bears. The reversal signals have not yet appeared technically, and there are no signs of large buy-ins on-chain. Blindly entering the market will only trap you at the bottom.

My advice is to stay on the sidelines for now. Wait for either a clear bottom divergence pattern in the candlesticks, or on-chain data showing large funds entering, or technical reversal signals like MACD bottom divergence before considering. The current stage is to observe; don’t let short-term fluctuations cloud your judgment. The crypto market often only truly reverses when everyone is in despair—that’s when the final "buy the dip" opportunity appears.