Matrixport: The greed and fear index is approaching the lower end of the range, and traders still need to pay attention to Bitcoin's backtest against key long-term moving averages

ChainCatcher news, Matrixport released today's chart stating, "Our greed and fear index is close to the lower range. Historically, this level often corresponds to a tradable bottom. Ideally, the moving averages should trend upward steadily, indicating that the rebound will be smoother and easier to grasp. However, the current market shows that Bitcoin's movement is more technical. The price is hovering at the lower end of the range, providing some tactical basis for going long, but traders still need to pay attention to Bitcoin's retest of key long-term moving averages."