Us stock market & bitcoin update✍️

in powerclub •  17 days ago 

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Wish you all Happy New Year once again. Today i am going to discuss about US stock market and Bitcoin. Right now, the sentiment in the US stock market is leaning towards "fear," with the Fear & Greed Index at 28. This is important because when the market is fearful, it's often an indication of a bottom, followed by a potential rally. For instance, when the Fear & Greed Index was between 25-28 in August 2024 and 35 in April 2024, we saw significant recoveries and rallies afterward.

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Bitcoin often mirrors the stock market. When the market consolidates or moves sideways, Bitcoin tends to follow. Currently, Bitcoin's Fear & Greed Index is in the 40-50 range, similar to past periods like September 2023, where Bitcoin saw a massive 100% rally after the index was in this range. So, whether you're into stocks or crypto, monitoring the Fear & Greed Index is key. When the sentiment is fearful, it's often a signal that the market is near a bottom, and a recovery could follow. Keep an eye on these patterns. That's it for today. Thanks & have a good day!!

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