TechFlow, July 30 — Matrixport released a chart today stating, "The current Greed and Fear Index has approached its upper range, and the slow-moving average is also showing topping signals. Historically, whenever this indicator is in an upward phase, Bitcoin prices typically perform strongly; once it begins to decline, it often indicates cooling market sentiment, requiring investors to be more cautious.
At the beginning of July, we made a bullish call that differed from mainstream consensus. As the market evolved, we have since shifted to a more cautious stance, expecting Bitcoin to enter a consolidation phase in August. The latest movement of the Greed and Fear Index supports this view: despite continuous positive news, market momentum has weakened.
The current divergence between sentiment and fundamentals may signal a near-term market cooldown. Investors are advised to closely monitor market trends and proactively manage risks."
