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Analysis: Market confidence is extremely close to the emotional bottom, and the potential "buying the dip" zone may emerge

5 hours ago

November 9th: Analyst Murphy posted that the investor sentiment index is getting extremely close to the emotional bottom (red zone). If BTC doesn't experience an immediate sharp rebound, then we will witness the effective triggering of this signal on a day of the next week. For traders on the sidelines awaiting, a potential "best buying zone" may come into being. In past data, the optimistic zone between each two segments of the red panic zone corresponds to a major trend market. The recent indicator has always remained in the indecisive zone, suggesting that market investors' sentiment is constantly fluctuating and there is no consensus on the future direction. This analysis is for learning and communication purposes only and does not constitute investment advice.
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