Greed is high, but the tape is not giving green light
The daily take
Greed is high, but the tape is not giving green light.
Fear and Greed is sitting at 65. That sounds bullish, right? But mija, look underneath before you chase. BTC is near $77.3K, slightly red today and down 2.2% on the week. ETH is weaker, down 1.1% today and 4.7% this week.
The top large-cap gainer is ADA, and it is only up 2.16% today while still down 4.9% on the week. The trend board has ARB, UNI, BTC, SOL, and a bunch of noisy attention names. That is not broad confirmation. That is a scanner.
My read: build the watchlist, do not marry it. If ADA, ARB, or UNI keeps volume and BTC stops bleeding, then we talk. Until then, the edge is patience with receipts.
Follow for the next clean setup, bestie.
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