Analysis: Market sentiment is gradually stabilizing, and downside risks have eased somewhat.

Matrixport's chart analysis today indicates a relatively calm start to the new year, but market sentiment is gradually improving. Notably, its proprietary "Greed and Fear Index" moving average has shown clear signs of bottoming out. Historically, such signals have often appeared near Bitcoin's temporary bottoming phase. Against this backdrop, the market is more likely to enter an upward correction, with the risk of further declines diminishing. However, it should be noted that this does not mean prices will quickly return to all-time highs. With stabilizing sentiment, downside risks are more likely to be limited to a manageable range.