🔻 Is the market bullish or bearish?
The market is bearish today.
Bitcoin has dropped below $100,000.
Most cryptocurrencies like ETH and SOL have recorded significant declines.
Fear and Greed Index
The index is at 40 today = the market is in a state of fear.
People are now afraid of losses and are reducing purchases.
Is it the right time to buy?
Now is not a strong buying time.
It is better to wait until the decline calms down or a strong rebound signal appears.
Advice
Watch the market, do not enter without confirmation.
If the market drops further, it could be a strong buying opportunity from the bottoms.
Sources
Fear and Greed Index
Market news today from Reuters
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