---



Bitcoin rises, but the market still doesn't believe.

That is what can be read from the current condition. The price has already moved far beyond the $70,000 zone and is now holding above $88,000 — but the Fear & Greed Index is still in the Fear territory. This means the majority of market participants are still hesitant, even tending to be defensive amid the ongoing increase.

From a technical perspective, as long as the price can maintain above the short-term moving average, the bullish structure remains intact. But the RSI approaching overbought levels signals that the momentum cannot be relied on continuously without a pause. A small correction before continuing upward will actually make this structure healthier.

What to watch out for going forward: whether market sentiment will finally follow the price, or if the price will adjust downward to match sentiment. These two scenarios are currently competing.

#GateSquareMayTradingShare

---
BTC0.76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin