Analyzing sentiment around Bitcoin using the FGI tool can have a beneficial influence on both short and long-term trading positions. Arguably, it is best used as a short-term indicator as it is based on real-time data with regular updates.
It’s essential to have a clear understanding of what it is you want to achieve with your trading portfolio and interpret the FGI using other fundamental analysis tools. This way, you’re giving yourself the best chance to succeed in the markets.