If your answer was no, consider reviewing your investment strategies for the cryptocurrency market. There is a huge opportunity when we see fear and greed below 40 points as we are seeing right now as I write this post.

The crypto market moves in waves, and the fear and greed index follows suit. However, it does not determine a market trend, whether bearish or bullish, but rather entry opportunities. When many are fearful, believing that something worse could happen, this is music to the ears of long-term investors who are experts in the fundamental analysis of the assets they invest in.

It's not a guess or the precision of mother Dina, these are metrics that can help understand the direction of the price of bitcoin. Don't be alarmed because short-term noise is like heartbeats going up and down, sometimes faster and sometimes slower. However, in the long term, the price becomes a giant and ambitious slope.

Did we make a fund in bitcoin?

According to analysts, the Bitcoin chart is undergoing a consolidation movement. In the short term, when we put the 1-DAY chart, the price of Bitcoin from its maximum of 73k has consolidated within this price, having a new low recently at 49k, but the closing remained within the consolidation zone, see the chart below 👇:

"Bitcoin had one of its best performances in terms of time/valuation: there were 7 months of appreciation in a row, from September 2023 to March 2024! The last time we had 6 consecutive months of monthly appreciation, then we had 3 months of correction. This time, the first correction came in April and May is already up 10%. This makes me believe that we will have one of the biggest asymmetries ever in Bitcoin, the euphoria hasn't even arrived yet!"

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The #Ordinals is a recent technology in the Bitcoin ecosystem that is causing great excitement in the community. Similar to NFTs (non-fungible tokens), Ordinals enable the creation and tracking of unique digital assets on the Bitcoin network. Let's explore what Ordinals are and how they are impacting the world of cryptocurrencies.

What are Ordinals?Ordinals are inscriptions in satoshis, which are the smallest fractions of a #Bitcoin. Each Bitcoin is made up of 100 million satoshis.These inscriptions are made possible thanks to the Taproot update, launched on the Bitcoin network on November 14, 2021. Ordinals are similar to NFTs, but instead of representing digital art or collectibles, they are engraved directly onto satoshis.How Do Ordinals Work?The sign-up process takes place at the Bitcoin transaction witness. The witness was introduced in update #SegWit in 2017. Content data is written to the witness, linking it to specific satoshis. These inscriptions can represent any type of information, such as images, texts, videos or even smart contracts.Impact and Potentials: Ordinals open up new possibilities for creating unique digital assets on the Bitcoin network. They can be used to authenticate ownership, record authorship, create game tokens, among other applications. The ability to link information directly to satoshis makes Ordinals a powerful tool for the decentralized digital economy.Challenges and Debates:Some see Ordinals as an abuse of the network, while others consider them a valuable innovation.The community is debating how to balance the creativity and usefulness of Ordinals without compromising the efficiency and security of the network.