Matrixport: The current Bitcoin trend is more technical in nature, requiring attention to key long-term moving average retests

BlockBeats News, September 29th, Matrixport released today's market analysis, and the Greed and Fear Index is approaching the lower bound of the range. From historical experience, this level often corresponds to a tradable bottom. Ideally, the moving average should trend steadily upward, indicating a smoother and more predictable rebound. The current market conditions show that Bitcoin's movement is more technically driven, with the price hovering near the lower end of the range, providing a tactical basis for longing, but traders still need to pay attention to Bitcoin's retest of key long-term moving averages.