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A mysterious force is causing trouble today 🤔
Bitcoin has climbed from 73K to 76K, up 2.76%, looking pretty good. But brothers, the fear and greed index is only 29, what does that mean? The market is saying: "I'm scared, but my hands are honest" 😂
It's like that feeling of wanting to but saying no with your mouth, the price keeps rising, but the sentiment index is pretending to be aloof. I give full marks to this move, pure face-dislike but body-accepting scene.
The funniest thing is that the perpetual funding rate is still negative, the shorts are donating money as charity. Imagine the inner OS of the shorts: "I don't believe in evil, I just don't believe it can keep rising!" and then losing money while gritting their teeth and holding on. This scene is too beautiful for me to watch 👀
The 1.28 billion trading volume is also quite interesting, not particularly crazy, just that kind of "let's stay low-key and make money quietly" vibe.
This position is quite delicate now, there should be some resistance around 76K. But given BTC's seasoned temperament, maybe one day it will surprise you again.
The market is so interesting, data can deceive, but wallets won't 💰