$BTC Sentiment Thermometer: Fear & Greed Index 69 (Greed), up 8 from yesterday.
The sentiment index can be useful for managing funds, provided you understand how it is calculated.
The index is divided into five zones: Extreme Fear, Fear, Neutral, Greed, and Extreme Greed. It is updated once a day.
One way to interpret it is to think contrarily: when there is Extreme Fear, consider whether the market has fallen too far; when there is Extreme Greed, watch out for overheating. But this is just one way of thinking about it, not a buy or sell signal.
Don't place an order at the most volatile moment. Wait for the price to stabilize before deciding.
#BTC
The sentiment index can be useful for managing funds, provided you understand how it is calculated.
The index is divided into five zones: Extreme Fear, Fear, Neutral, Greed, and Extreme Greed. It is updated once a day.
One way to interpret it is to think contrarily: when there is Extreme Fear, consider whether the market has fallen too far; when there is Extreme Greed, watch out for overheating. But this is just one way of thinking about it, not a buy or sell signal.
Don't place an order at the most volatile moment. Wait for the price to stabilize before deciding.
#BTC