$BTC gave us a pretty good example of what James G has been talking about.
Bitcoin pumped above $85.5K today after the US inflation data, and within hours, much of that move was already gone.
James compared this market behavior to 2016: “the pumps only last for hours.”
And I think this is an interesting lesson for anyone learning to trade.
A green candle doesn't necessarily mean the beginning of a new trend. Sometimes it's just volatility, a reaction to news, or shorts getting squeezed before the market goes back to its previous range.
Watching what happens next around $85K–$85.5K.
NFA.
#BTC #BTC Correction Incoming?# #BTC Price Analysis# #Trading
Bitcoin pumped above $85.5K today after the US inflation data, and within hours, much of that move was already gone.
James compared this market behavior to 2016: “the pumps only last for hours.”
And I think this is an interesting lesson for anyone learning to trade.
A green candle doesn't necessarily mean the beginning of a new trend. Sometimes it's just volatility, a reaction to news, or shorts getting squeezed before the market goes back to its previous range.
Watching what happens next around $85K–$85.5K.
NFA.
#BTC #BTC Correction Incoming?# #BTC Price Analysis# #Trading
