The fear index has reached 10, marking the third instance of 10 at this bottom, and the fourth super extreme fear index in the whole year. When emotions hit this freezing point, can sustained bearish thinking persist? Or does lower lead to more? Currently, the price is approaching a prior low, which theoretically should have strong support.

The short essay I shared this afternoon also mentioned a point: if the price retraces to the 85600 level without breaking it and rebounds, then today will likely be dominated by a rebound. This afternoon, the lowest retracement reached 85850 and then it couldn't drop further, rebounding all the way to now. The 87100 level is currently a key resistance position.

Back to this extreme fear index of 10, on 2025.2.27, it hit 10 once, and then the market immediately surged over 10%, by about more than 10,000 points. There was also 2025.11.16, but that day didn't work out, as the price continued to decline. Then there was 11.22, which was the lowest point of this round, leading to a rebound of more than 10,000 points. Then yesterday, the panic index hit 10 again. So, at this time, if we push down a bit, we can't mindlessly go short anymore. When others are fearful, I am greedy; that's when profits in this market may be possible. #加密市场观察 #美联储FOMC会议 #巨鲸动向