PANews reported on October 27 that Matrixport analyzed in today's chart that although the on-chain data of Bitcoin is still under pressure and the price fluctuates repeatedly around the 21-week moving average, the current trend is more driven by technical and news factors. Against this backdrop, the optimism surrounding the Sino-US trade negotiations has added upward momentum to the market. A previous report on October 20 pointed out that the self-developed "Greed & Fear Indicator" has returned to the range where rebounds are more likely to occur in historical percentiles, and a number of technical indicators have given contrarian bullish signals. However, it may be too early to set new highs; although the put premium on the options side has fallen significantly, the more critical factor is whether the net inflow of ETFs can continue to consolidate the current positive trend.