Recently, Bitcoin’s Fear & Greed Index has seen significant changes.
Just yesterday, the index fell to 30, reflecting that the market has entered a state of extreme panic. What is surprising, however, is that while Bitcoin prices remain above $60,000, market sentiment has quickly shifted from greed to panic.
This dramatic swing in sentiment is indeed unexpected, but at the same time, it also provides a glimmer of hope for Bitcoin’s mid- to long-term development. Because just last week, the market was immersed in an atmosphere of greed, and the same was true last month. Yesterday's panic actually represented a reset of the panic-greed index. $BTC
For Bitcoin, such a reset could be a positive sign, heralding a rebalancing of market sentiment.
So, how do we identify market reversal signals?
The view is that in the current uncertainty, a feasible strategy is to adopt fixed investment (DCA).
Because investing when the price of Bitcoin is around $60,000 or below is still a smart and cost-effective choice in the long run.