$BTC , there’s a new development in the news: amid Trump’s trade war, Canada is threatening to sue Stellantis, and Jeep production capacity is shifting to the U.S.
When negative news breaks, panic sellers tend to sell first; only afterward can you see where the real buying interest is. The previous low and key moving averages won’t change just because of the news—those are the levels you should really be watching.
Do you trade based on the news, or on the candlestick charts?