If we use historical data for backtesting, looking at the greed and fear index of BTC, it shows that BTC typically peaks when greed reaches around 85, and currently, BTC is at 75. Therefore, theoretically, the peak of this Bitcoin rally is expected to be around 115,000 to 120,000. Today, it indeed rose a bit, reaching 112,000. However, this also means that this market is gradually approaching its peak, and after that, BTC will start to pull back, slowly entering the extreme fear zone. This is a good time to get on board again, and it may happen around July to August this year!

This is also the reason why Shiyu has been bullish from 70,000 to 110,000, and is now turning bearish, including the Federal Reserve's repeated delays in interest rate cuts! Both the fish head and fish body have been eaten, leaving only the fish tail, be careful not to get caught at the mountain top! #MOODENG & COOKIE上涨