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

BlockBeats News, November 9th: Analyst Murphy published a post stating that the investor sentiment index is getting very close to the emotional bottom (red zone). If BTC does not experience a sharp rebound immediately, then we will see the effective triggering of this signal on a day next week. For traders on the sidelines waiting, a potential "best buying zone" may emerge.

In past data, the optimistic zone between every two segments of the red panic zone corresponds to a major trend market. The recent indicator has always stayed in the indecisive zone, indicating 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.