The current market turmoil makes people question whether investors truly understand the market or are they acting blindly out of greed?

Recall that a few days ago, Bitcoin surged to its highest point, with the greed index reaching 93 points.

The market at that time was filled with joy and joy, and this situation is understandable.

However, in the past week, the market has continued to fall, with Bitcoin falling from 72,000 to 63,000.

However, even so, the greed index is still as high as 77 points. Should this be a time of fear?

Looking at $ETH and $BTC, I don’t know if investors are slow to react or if they are looking for lows to buy.

However, judging from the MACD indicator, the market has not yet reached a staged bottom. Meanwhile, the Bollinger Bands have hit the lower rail, indicating the possibility of further declines.

The trading volume was unusually high, setting new highs in previous days.

Judging from the overall situation, it is not recommended to blindly buy the bottom. The more sensible approach is to stay on the sidelines and wait for clearer signals from the market. #以太坊 $BTC $ETH #数字货币市场 #btc