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Sentiment can change faster than price 📈
Just 30 days ago, the Fear & Greed Index was sitting in Neutral territory.
$BTC was trading around $77K, even after facing rejection near $82K.
Most traders were still talking about higher highs. Most expected the dip to be temporary.
Today, Fear has taken over the market.
Bitcoin has lost the $62K region.
The same people calling for six figures are now questioning whether the bull market is over.
That's the beauty and cruelty of markets.
A few red candles can erase months of confidence.
A few green candles can erase months of fear.
The chart may move 20%, but sentiment often moves 200%.
The crowd was comfortable at $77K.
Now they're nervous below $62K.
Yet historically, the market has rewarded those who stay rational when emotions become extreme.
Fear creates opportunities.
Greed creates exits.
And the biggest moves usually begin when the majority least expect them.