Panic and greed index rises to 48, market enters neutral zone

The index hit a recent high within a week, with mainstream cryptocurrencies performing well during this rebound. BTC has regained the $96,000 level, while ETH has broken through $3,300, indicating that after the previous adjustment, bullish momentum is returning.

The index shifting from greed to neutrality suggests that market participants' enthusiasm is becoming more rational. However, from a candlestick perspective, this position is neither a top nor a bottom — it is a window where traders need to observe cautiously. Whether the market can hold steady within the $96,000–$3,300 range will determine whether it continues to recover or tests support again.

Market sentiment shifts are often accompanied by opportunities. Paying close attention to capital flows and on-chain activity details is worthwhile.