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Emotions change faster than prices 📈
Just 30 days ago, the Fear and Greed Index was in the neutral zone.
$BTC was trading around $77,000, even after rejection near $82,000.
Most traders were still talking about higher highs. Most expected the dip to be temporary.
Today, fear dominates the market.
Bitcoin has lost the $62K zone.
Those who called for six figures are now questioning whether the bull run is over.
This is the beauty and cruelty of the market.
A few red candles can erase months of confidence.
A few green candles can erase months of fear.
Charts can fluctuate 20%, but emotions often fluctuate 200%.
The crowd felt comfortable at $77,000.
Now they are nervous below $62,000.
Yet, historically, when emotions are extreme, the market rewards those who stay rational.
Fear creates opportunities.
Greed creates exit points.
And the biggest moves usually begin when most people least expect them.