Matrixport: Bitcoin rebounds 5%, Greed and Fear Index shows tactical bottom, traders focus on key technical points
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Odaily Odaily News Matrixport released a chart saying that yesterday, we noticed that Bitcoin's Greed and Fear Index hit a low. In the past 24 hours, Bitcoin rebounded by 5%, once again verifying the effectiveness of this indicator. At the same time, Bitcoin rebounded at the lower boundary of the downward channel, as traders expected. The current market is mainly driven by technical momentum and is responding to these signals until new fundamentals emerge.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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