According to BlockBeats, analyst Murphy has indicated that the investor confidence index is nearing a "hesitation zone", marked by the red zone. If Bitcoin does not experience a significant rebound soon, this signal may be effectively triggered sometime next week. This could present a potential 'optimal strike zone' for traders who are currently holding no positions. Historical data suggests that optimistic zones between two red panic zones correspond to major trend movements
source: https://www.binance.com/en/square/post/32149818774241?utm_source=BinanceNewsRSS