PANews May 4 news, according to the latest analysis report released by independent analyst Markus Thielen on May 4, the Bitcoin Greed & Fear Index is currently still at a relatively high level but has not shown signs of "pullback." Usually, a drop in sentiment often marks the arrival of a short-term cyclical peak.

The report points out that the 20-day moving average of this index can effectively capture the natural rhythm of market fluctuations between optimism and fear, indicating that changes in market sentiment take time. The best investment opportunities often occur when sentiment is in a state of extreme negativity, rather than at high levels.

Currently, as this indicator continues to rise, Bitcoin may still have further upside potential until market sentiment turns negative and becomes a resistance. Analysts remind investors to pay attention to changes in sentiment indicators to gauge market trends.

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