Analysis: Market sentiment for Bitcoin remains high, and there may be further room for price increases.

CoinFeed reported on May 4th that, according to a new analysis report released by BIT independent analyst Markus Thielen, the Bitcoin Greed & Fear Index remains relatively high but has not yet shown signs of a pullback. Typically, a decline in sentiment often signals the arrival of a short-term cyclical top. The report points out that the index's 20-day moving average effectively captures the natural fluctuations in market sentiment between optimism and fear, indicating that changes in market sentiment take time. The best investment opportunities usually occur when sentiment is extremely negative, not at its peak. Currently, as the index continues to rise, Bitcoin may still have room for further gains until market sentiment turns negative and becomes resistance. The analyst reminds investors to pay attention to changes in sentiment indicators to determine market trends.