Here’s a joke to explain it: The Fear & Greed Index is at 69 right now—Greed.
“I’m greedy when others are fearful, and fearful when others are greedy.” I know that line by heart, but whenever the moment actually comes, my hand moves right along with everyone else’s.
$BTC is worth keeping an eye on. Several hours of movement in the same direction matter much more than a one-off fluctuation.