If we backtest with historical data, the greed and fear index of Bitcoin shows that it usually peaks when greed reaches around 85, and currently Bitcoin is at 75. Therefore, theoretically, the peak of this Bitcoin surge should be around 115,000 to 120,000. Today it indeed rose a bit more, reaching 112,000. However, this also means that this market trend is gradually approaching its peak, and afterwards, Bitcoin will start to correct and slowly enter the extreme fear zone. This is a good opportunity to re-enter, which 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! Having eaten the fish head and fish body, be careful of getting caught at the mountain peak with just the fish tail left! $BTC