Is the decline in the greed index = the end of the bull market? Nonsense! History proves that 60 is the ignition point for a 'frenzied bull market'!

'Only when the tide of greed recedes can we see the true gold. Market cooling is not extinguishing the fire; it is offering a ladder to the awakened.'

Today, the market's 'fear and greed index' has dropped a bit, down to 60 (from 64 yesterday, and an average of 70 last week). Although the number has decreased, it is still in the 'greed' zone. Simply put, everyone's emotions are not as frenzied as last week; it's calmed down a bit, but overall, there is still a strong desire to enter the market and 'make money'.

A high greed index often serves as a short-term top warning; a moderate decline, on the other hand, may provide energy for the subsequent market.

This decline, I believe, reflects two main points:

1. The previous rise was too steep, and some people chose to cash out: especially for certain altcoins, which surged too violently before, profits must be realized.

2. The market is waiting for new 'fuel': possibly waiting for clearer macro signals (like a solid confirmation of interest rate cuts by the Federal Reserve), or for a new narrative that can ignite the market (like the emergence of the next phenomenal application). #加密市场回调

A pullback is an opportunity! MiGe will guide you to accurately bottom-fish and layout spot positions; high profits from altcoins are just around the corner! Click the profile picture to follow, and your journey to doubling your investment will begin immediately!