✅ 2/10 Fear & Greed Index Check
- Current Level: Extreme Fear (9)
- Trend: The Fear & Greed Index has fallen back into the single digits
→ Currently around BTC 70K
🔍 What is the Fear & Greed Index?
- An indicator that quantifies market sentiment on a scale from 0 to 100.
- Lower values indicate increased fear, while higher values indicate increased greed.
- Calculation Criteria: Price volatility, trading volume, social media mentions, market surveys, Bitcoin dominance, and Google search trends (6 indicators in total).
Investor sentiment remains depressed. While currently hovering around 70K, the bearish trend could continue for the time being without a clear trigger to reverse the situation. Therefore, we should be mindful of the possibility of further corrections and develop a response plan.
(I'm waiting to buy BTC in the 55K-60K range. If it doesn't touch, I'll just proceed with the DCA as usual.)