Matrixport: The election volatility has decreased, Bitcoin is expected to rise further by the end of the year

Matrixport released a daily chart report, at the critical moment of the election, Bitcoin experienced a slight sell-off. The greed and fear index fell from the "greed" range of overbought to a more balanced level, creating conditions for subsequent rises.

As the results of the US presidential election gradually become clear, it is expected that there will be an end-of-year risk preference rally in the market. As the election situation remains uncertain, volatility continues to rise; once volatility decreases, traders will be better positioned to increase their positions.

Against the backdrop of strengthening upward momentum in Bitcoin, it is also hoped that the greed and fear index will further climb.