Three hours ago, BTC touched a low of 62k. Here's something that might seem very naive, but from a certain perspective, I think it can be somewhat helpful: it allows you to correct your emotions influenced by surrounding public opinion, helping to detach your subjective emotions slightly from the local "this mountain" situation, through sentiment analysis + the perspective of "time > price." A: The three large weekly bearish candles from mid-January to early February, dropping from over 90k to over 60k, with an average weekly decline of 10k. Among them, on February 5th, a single daily candle dropped from 73k to 62k, a 10k drop in one day. B: Based on the above, with the weekly decline rate, after 6 more weekly candles, the situation could reset by mid-March; similarly, with the daily decline rate, after 6 more daily candles, it could reset by February 10th. C: If you believe that resetting is impossible, then it means this rate cannot continue at the current speed, and the deadline for this continuation is the aforementioned time. Today, on X, the overall sentiment regarding BTC's decline mainly comes from these three weekly candles and the February 5th daily candle, with a "-10k/week" and "-10k/day" decline rate. The conclusion: the overall public sentiment on X at the weekly/daily level (roughly representing market sentiment) for BTC will at the latest change before mid-March / February 10th.

BTC-8,23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)