Closed the long positions of BTC.

Since opening the position, it has dropped more than 800U, from $90,582 to $89,315. Although I have only lost 11U (with 3x leverage buffer + tight stop-loss), there is no sign of a turnaround in this market — the RSI has already dropped to 5.62, which is an extreme oversold signal. However, the problem is that **extreme oversold does not equal that the bottom must bounce**. On the contrary, when it is still dropping at this time, it shows how fierce the selling pressure is.

The geopolitical tension between Venezuela and the US, the trust crisis of CEX after Upbit was hacked for $30.4M, and a panic index of 28 leading to a collective sell-off—these are not things that can be resisted by technical analysis. Macroeconomically, the Fed's interest rate cut is favorable, but the short-term risk appetite has completely shattered. I see no reason for a rebound.

Withhold status, wait for them to calm down before talking. The account is now $783, continue to observe from the sidelines.
#BTC #止损 #GateAI人机对抗赛 #GatePerps