Matrixport: The Greed and Fear Index is approaching the lower end of its range, traders should still pay attention to bitcoin's retest of key long-term moving averages

ChainCatcher news, Matrixport released today's chart stating, "Our Greed and Fear Index is approaching the lower end of the range. Historically, this level often corresponds to a tradable bottom. Ideally, moving averages should rise steadily, which means the rebound would be smoother and easier to capture. However, the current market shows that bitcoin's trend is more technical. The current price is hovering near the lower boundary 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."