CMC Index: From 10 to 26, is it time to add positions or wait?
Recently, the market has been continuously declining, and the CMC index once fell to 10. The market was truly filled with despair, and it felt like everyone was ready to be 'buried'.
Do you remember at that time? The miner had already mentioned that a rebound was due, urging everyone to hold on. The market is like this; when it drops to the extreme, it will eventually rebound! Ultimately, after a day, on the afternoon of the 28th, a significant rebound began!
The CMC index rose from 10, following the market, rebounding to 26. This can be considered a small breather. Although 26 is still a position of considerable market panic, it has allowed many to feel a sense of 'relief', as if there is still hope.
However, this is precisely the key issue: currently, the market is in a sideways phase, rebounding to 26. It makes everyone feel stuck, neither going up nor down. Some believe this is an opportunity to get in, while others feel it is still a trap to lure more buyers. The sentiment among everyone is quite divided.
The miner thinks this is expected, as the rise from 10 to 26 was relatively fast, and the market needs to digest both emotions and technical aspects. In the short term, everyone should remain cautious; entering the market with a small strategy is still advisable, but don’t go too big. After all, no one wants to step out with the left foot and immediately step back in with the right foot.
That said, sideways movement isn't necessarily a bad thing. If the market consolidates well, it might present big opportunities ahead!
The miner always remembers this saying: Bitcoin will reward everyone who has faith and holds firmly. Do you think it’s about patiently waiting for a breakthrough or are we heading down again?
Let’s discuss in the comments!
Follow the miner for growth and success!!!
