Bitcoin Fear and Greed Index for 55 Dey Signal Market Balance
For August 2, di Bitcoin Fear and Greed Index drop from 65 go 55, e mean say market mind don change be say e dey neutral now. Over di past 24 hours, di index fall by 10 points, but di 7-day and 30-day average still dey 69 and 71, wey show say di market still get strong feeling for better price. Di Bitcoin Fear and Greed Index mix six metrics wey carry different weight: volatility (25%), trading volume (25%), social media feeling (15%), market survey (15%), Bitcoin dominance (10%), and search trend (10%). When e reach neutral for 55, e fit mean say market dey chill and settle. Traders fit use dis index with technical indicators plus volatility analysis to sharp their timing for trade plus manage risk well.
Neutral
Di neutral categorization na come from di Bitcoin Fear and Greed Index wey settle for 55, e no show say traders get strong greed or deep fear. For short term, neutral feeling dey usually make market trade for only small range as traders dey wait for new things wey go make market move. But strong 7-day and 30-day averages (69 and 71) show say di bullish momentum still dey strong, mean say immediate wahala fit reduce but di longer-term uptrend still dey. Traders fit use dis balanced feeling combine am with technical and volatility analysis to ready for possible breakout when di feeling change sharply.