BTC’s RSI has dropped to 42.6, ETH is even worse at 35.3, and SOL is sitting at 31.1 — all firmly in oversold territory.
At first glance, it looks like a perfect bottom-fishing opportunity, right?
I didn’t move at all.
Why? Because despite the oversold signals, the technical structure is breaking down and macro pressure is still pushing the market lower. This doesn’t resemble the end of a bottoming phase — it looks more like the setup for another leg down. Confidence isn’t even at 70%. Jumping in now is just repeating the same “buy high, sell lower” trap.
Yes, the crowd is panic-selling, and yes, that’s a signal — but it’s not the right one yet. The real opportunity appears when the market stabilizes, when RSI reclaims the 45+ level with volume confirmation. That’s when the true entry window opens.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#Crypto market pullback — $SHIB , $DOGE , $PEPE … how deep is the panic right now?
BTC’s RSI has dropped to 42.6, ETH is even worse at 35.3, and SOL is sitting at 31.1 — all firmly in oversold territory.
At first glance, it looks like a perfect bottom-fishing opportunity, right?
I didn’t move at all.
Why? Because despite the oversold signals, the technical structure is breaking down and macro pressure is still pushing the market lower. This doesn’t resemble the end of a bottoming phase — it looks more like the setup for another leg down. Confidence isn’t even at 70%. Jumping in now is just repeating the same “buy high, sell lower” trap.
Yes, the crowd is panic-selling, and yes, that’s a signal — but it’s not the right one yet. The real opportunity appears when the market stabilizes, when RSI reclaims the 45+ level with volume confirmation. That’s when the true entry window opens.