Odaily Planet Daily reports that Matrixport released today's chart, stating that our Greed and Fear Index has fallen below 10%, approaching the low end of the range. Historically, this level often corresponds to a tradable bottom.

Ideally, the moving average should move upward steadily, meaning a rebound will be smoother and easier to grasp. However, the current market shows that Bitcoin's trend is more technical.

The current price is hovering at the lower end of the range, which provides some tactical reasons for going long, but traders still need to pay attention to Bitcoin's retracement of key long-term moving averages.