Matrixport: The Greed and Fear Index shows a tactical bottom, traders focus on key technical points

Matrixport released a chart report stating that yesterday, we noticed that the Bitcoin greed and fear index hit a low point. In the past 24 hours, Bitcoin has rebounded by 5%, once again verifying the validity of this indicator. At the same time, Bitcoin bounced off the lower boundary of its downward channel as traders expected. The current market is mainly driven by technical momentum and is responding to these signals until new fundamentals emerge.