#Is BTC an opportunity or a pitfall?
1. The daily RSI index of Bitcoin has reached the most serious oversold level since March. After March, it rose by 60%, setting a new historical high. When momentum remains this strong, a significant rebound often follows.
2. With the signals of overselling, the upcoming positions will rely entirely on personal beliefs. The next rebound will come from panic emotion being a single digit 9, as history has never changed, just delayed.
3. The large influx of institutional funds into Ethereum is a healthy signal. This indicates that even if market sentiment is slightly unstable, underlying confidence still exists. Currently, the market situation is poor, but it has been slowly adjusting, waiting for the Federal Reserve Board to announce interest rate cuts in December. At that time, the bull market may begin.
