#加密市场观察 #Max

When the greed index drops to 17: Finding the next breath amid fear

Seeing BTC retract 35% from its peak, the market is plunged into extreme fear (index 17), I am not surprised. Every squat is for the next stronger jump; the key is to understand what is happening now.

Data does not lie:

· The key support of $74,000 has been effectively broken, this is a fact, it means the previous stage's upward structure needs to be reshaped.

· $1.68 billion in long liquidations is both fuel and a signal—the market is cleaning up positions through violent fluctuations.

· RSI entering the oversold zone does not mean an immediate rebound, but it means the momentum for a rebound is being compressed and accumulated.

My perspective: This retracement is a resonance formed by macro risk aversion, technical breakdowns, and derivative leverage liquidations. It is more complex than a simple “profit-taking,” thus the process will also be more repetitive. $70,000 is an important psychological barrier, but the real market bottom often occurs when no one dares to easily call the bottom.

For long-term holders, this kind of volatility is a part that must be endured. My strategy is: no longer predicting an exact bottom, but I will start to focus on the assets that remain resilient and fundamentally sound amid panic. The true value will become clearer after the tide goes out.

Just like the community @Max Charity that I continuously follow, regardless of the market bull or bear, their offline actions promoting educational inclusivity have never stopped. This kind of construction and user growth based on real-world value is what gives us the confidence to weather cyclical fluctuations. Investment, ultimately, is about investing in those who continue to build during a bear market.