🚨 Panic and Greed Index soars to 74! The market is still in the frenzy zone🔥
Latest data as of 5/17 shows that the Greed Index has surpassed 70 → It’s not yet a time for fear, but being 'too excited' itself is a risk.
📊 Latest data: FGI = 74 (Greed)
📆 A week of continuous increase, the market heat is returning
📈 Technicals are consolidating, sentiment is accelerating, which usually indicates a critical point of 'one more surge or a washout'
🧠 My intuition reminds:
✔️ Overall market seems to be strengthening
✔️ BTC is stable around $100,000, Meme coins, NFTs, and L2s are all active
✔️ But the index is approaching extreme greed, meaning the market has started to 'believe it won't get trapped'
At this time, the biggest fear is not missing out, but forgetting about risk.
📌 Small suggestion:
Entering now is possible, but remember to set stop-loss;
Adding to positions is fine, but don’t go all in;
Waiting for a pullback is okay, but don’t stubbornly miss the whole wave.
At this stage, it’s not about who laughs the loudest,
It’s about who survives the longest.
