In recent days, the market has been fluctuating. Bitcoin has already broken through the 97,000 mark, and Ethereum is closely following, approaching 3,400. Interestingly, last night the US stock market experienced a pullback, but the crypto market's performance was quite independent—no follow-through on the decline.
From a sentiment perspective, the Fear and Greed Index surged to 60, which is a rare level of greed seen in several months. Market participation has clearly increased, and popularity is also rising. However, from a technical standpoint, the current major trend is in a small-scale oscillation phase, with short-term attempts to test levels repeatedly, and no particularly clear trend has formed.
In this situation, patience is needed to see whether the market can break through key levels to form a stronger trend, or if it is just a rebound followed by a decline. The market rhythm is shifting, and the mindset needs to keep up.
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In recent days, the market has been fluctuating. Bitcoin has already broken through the 97,000 mark, and Ethereum is closely following, approaching 3,400. Interestingly, last night the US stock market experienced a pullback, but the crypto market's performance was quite independent—no follow-through on the decline.
From a sentiment perspective, the Fear and Greed Index surged to 60, which is a rare level of greed seen in several months. Market participation has clearly increased, and popularity is also rising. However, from a technical standpoint, the current major trend is in a small-scale oscillation phase, with short-term attempts to test levels repeatedly, and no particularly clear trend has formed.
In this situation, patience is needed to see whether the market can break through key levels to form a stronger trend, or if it is just a rebound followed by a decline. The market rhythm is shifting, and the mindset needs to keep up.