The Bitcoin market is experiencing moderate optimism. The Short-Term Traders SOPR (STH SOPR) analysis supports this.
- The indicator is trading in the middle zone, far from the Extreme Greed zone. This suggests that the asset may continue to rise.
- Together with the 30-day moving average, it shows that short-term traders are taking moderate profits.
- Extreme Greed periods are usually known as times when resistance is encountered and corrections occur.
- The current SOPR behavior indicates a period of healthy growth and moderate optimism.
- It is important for investors to maintain solid risk management strategies while taking advantage of the upside potential.