Matrixport: Greed and Panic Index Shows Tactical Bottom, Traders Focus on Key Technical Points
2024-09-10 07:08:55
Yesterday, we noticed that the Bitcoin Greed and Panic Index hit a low point, according to a chart report published by Matrixport. In the past 24 hours, Bitcoin has rallied 5%, confirming the validity of this indicator again. Meanwhile, Bitcoin rallied at the lower boundary of the downside channel, as traders expected. The current market is mainly driven by technical momentum and is reacting to these signals until new fundamentals emerge.
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