This morning, two signals stood out — and they’re not something the market should ignore.
First, the Fear & Greed Index dropped to 5, one of the lowest readings ever recorded.
Second, RSI hit 15, an extreme oversold zone that has only appeared during 2018 and the COVID crash.
Because of this, I don’t lean toward a scenario where $BTC quickly loses the $60K level. When both sentiment and technicals reach such extremes, markets usually don’t keep falling on pure momentum — at least not in the short term. Most of the selling pressure has often already been released.
From my perspective, the more probable path is a prolonged consolidation, followed by a slow, grinding recovery as the market rebuilds internal strength. This isn’t the phase that excites people. It’s the phase that tests patience.
History has shown many times:
these are the periods where accumulation quietly begins.
And accumulation, in my view, should be based on data, indicators, and probabilities — not on emotions or subjective feelings about whether price looks “cheap” or “expensive.”
Markets reward discipline.
They punish emotion.
