Historical patterns of the panic index indicate that a bottom is imminent!

The Fear and Greed Index (FG) continues to stay at 10. Historically, there have only been 8 instances where it was equal to or below 10, with brief rebounds lasting 2 weeks or at most 2 months. Since dropping to 6 last week, it has basically hit the second-lowest level since 2019, and panic sentiment still dominates the market!
The enthusiasm has basically dropped below freezing point. Plus, more and more gold, silver, and US stocks are listed on major exchanges. In fact, the perpetual contracts on these major exchanges are not linked to any stock assets; they are mostly standalone coins. Coupled with recent important speeches from eight domestic ministries focusing on cracking down on RWA asset tokenization, and considering North America’s strictest legal environment globally, this can be seen as a compromise approach.
It neither violates North American laws nor leaves the market without quality trading targets during the crypto winter, which could lead to massive capital and user outflows. Therefore, assets like XAU/XAG/MSTR/TSLA, which are among the top ten global assets, become essential hedging targets!
On one hand, these mainstream assets will drain market liquidity, but in this critical moment of volatility and user/capital loss, choosing them is inevitable. Anyone with common sense knows what to do in this situation—it's not rocket science!
BTC support/resistance levels: 74450/70900/64500/57850
Last night, it first dropped into our aggressive zone, then retested the 70900 level, with a volatility of 2700 points. No big deal for the main position.
ETH support/resistance levels: 2225/1840/1600/1385
Last night, it fell to 2008, forming a short-term double bottom at 2010, but no action was taken during the live broadcast. Missed this wave, but remember, the secondary market is never short of opportunities—always avoid FOMO!
XAU support/resistance levels: 5170/4985/4810
Last night, a long position was taken at 5035. It was explained that this was not a long-term or strategic position, just a quick trade. The first take-profit target at 5080 was set and must be closed. After taking profit, the remaining position is for capital preservation. This trade is now closed as both the first take-profit and stop-loss levels were hit!
In terms of operation: since the gold and silver markets are open, go with the trend. If Bitcoin and Ethereum are difficult to trade, focus on gold. If gold is tough, then trade Bitcoin and Ethereum. Don’t obsessively hold onto a clearly unstable asset and keep pumping it—aren’t you asking for trouble?
Next night, the non-farm payroll report and Friday’s CPI will have significant impacts, especially on market sentiment. Futures must have stop-losses; in spot trading, a sharp decline means closing positions in batches without hesitation!