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Matrixport: The current Bitcoin trend is more technically driven, and we need to follow the key long-term moving average retests.
On September 29, Matrixport released today's market analysis, indicating that the greed and fear index is approaching the lower range. Historically, this level often corresponds to a tradable bottom. Ideally, the moving averages should trend upwards steadily, which suggests that the rebound will be smoother and easier to grasp. The current market shows that Bitcoin's movement is more technically driven, with prices hovering at the lower range, providing a certain tactical basis for going long, but traders still need to follow Bitcoin's retest of key long-term moving averages.