
Hamonyllu
@harmonyllu
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The Bitcoin Fear and Greed Index is based on factors like market volatility, trading volume, and social media sentiment. When the index shows high fear, it often means the market is bearish, and prices may be more likely to decline as investors are more likely to sell. When it shows high greed, the market is bullish, and prices may rise as investors are more eager to buy. However, using the index to make investment decisions is not foolproof. The market is complex, and there are many other factors at play. But investors can use it as a reference. For example, when the index is extremely fearful, it may be a sign of an oversold market, and investors with a long - term perspective may consider buying opportunities. 0 reply
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The public opinion heat of cryptocurrencies on social media has fluctuated significantly recently. To quantify this public opinion change and establish a connection with the price trend of cryptocurrencies, social media monitoring tools can be used to count indicators such as the number of posts, likes, and comments about cryptocurrencies. When the positive public opinion heat about Bitcoin on social media suddenly rises, for example, when a large number of well - known KOLs publish bullish remarks on Bitcoin, Bitcoin's price is often driven up in the short term. However, this connection between public opinion and price is not absolute. Sometimes, the rise in public opinion heat may just be short - term speculation and does not really reflect the market fundamentals. To establish a more accurate model, noise needs to be eliminated. For example, by analyzing the consistency of public opinion from different sources, 0 reply
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