According to BlockBeats, on September 10, Matrixport released a chart report stating that yesterday, we noticed that Bitcoin’s greed and fear index hit a low.
In the past 24 hours, Bitcoin rebounded by 5%, which once again confirmed the validity of this indicator. At the same time, Bitcoin rebounded at the lower boundary of the descending channel, just as traders expected.
The current market is driven primarily by technical momentum and is reacting to these signals until new fundamentals emerge.
