ChainCatcher news, Matrixport released a chart report pointing out 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.