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Matrixport: Divergence Between Sentiment and Fundamentals May Signal Market Cooling in the Short Term
Summary: Matrixport released a market analysis today indicating that current greed and fear indices are nearing high levels, and slow-moving averages are showing signs of a top. Historically, when this indicator is on the rise, Bitcoin prices tend to perform strongly; however, once it starts to decline, it often signals a cooling market sentiment, requiring investors ...
Matrixport released a market analysis today indicating that current greed and fear indices are nearing high levels, and slow-moving averages are showing signs of a top. Historically, when this indicator is on the rise, Bitcoin prices tend to perform strongly; however, once it starts to decline, it often signals a cooling market sentiment, requiring investors to be more cautious. In early July, we made a bullish prediction contrary to mainstream views, but as the market evolved, we have shifted to a more cautious stance, expecting Bitcoin to enter a consolidation phase in August. The latest trend of the greed and fear index also confirms this prediction: despite continuous positive news, market momentum has weakened. The current divergence between sentiment and fundamentals may indicate a cooling market in the short term. Investors are advised to closely monitor market trends and manage risks in a timely manner.
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Link: Matrixport: Divergence Between Sentiment and Fundamentals May Signal Market Cooling in the Short Term [Copy]
