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.
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!!
@abfarhan