Update $BTC Date 08-12-2024

After the BTC approached ATH 104 and was pushed down to 90xxx, it is clear that the market is moving within a large sideways range. However, the liquidity zone at 104 is still very abundant.

The fear and greed index is at level 7x, and I think there will still be a bounce back to 104 next week. Today, at the end of the week, the market is running slowly with low volatility.

The sentiment among people may be fearful, but the market will not experience two long dumps close together like that. It will continue to adjust to gain strength again.