Fear is still 34, even after Bitcoin bounced back. đš
Alternative.me data for 4 November still reads 34, Fear, the same as at 05:00 PKT and 08:00 PKT, up from 26 yesterday, while Bitcoin trades near 77,320 dollars and Ethereum trades near 2,299 dollars, up 2.3 percent in 24 hours. đ My reading is that sentiment lags price here, because one bounce after a dip below 76,000 does not erase a week of outflows, election nerves and a major exchange breach story. Traders are watching, not celebrating, and watching markets punish anyone who mistakes a bounce for a breakout.
Does fear stay at 34 while price holds above 77,000, or does a rejection drag it lower? đ€
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketSentiment
Alternative.me data for 4 November still reads 34, Fear, the same as at 05:00 PKT and 08:00 PKT, up from 26 yesterday, while Bitcoin trades near 77,320 dollars and Ethereum trades near 2,299 dollars, up 2.3 percent in 24 hours. đ My reading is that sentiment lags price here, because one bounce after a dip below 76,000 does not erase a week of outflows, election nerves and a major exchange breach story. Traders are watching, not celebrating, and watching markets punish anyone who mistakes a bounce for a breakout.
Does fear stay at 34 while price holds above 77,000, or does a rejection drag it lower? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketSentiment
