I make a habit of marking news release times on the intraday chart, then comparing them with the market’s reaction.
Take this one, for example: If BTC falls below $79,134, it will trigger $1.811 billion in long liquidations. $BTC 24h +1.14%, volume: $1.266 billion.
A blow to confidence doesn’t necessarily mean a trend reversal. The key is whether the price can hold above the critical level.
Take this one, for example: If BTC falls below $79,134, it will trigger $1.811 billion in long liquidations. $BTC 24h +1.14%, volume: $1.266 billion.
A blow to confidence doesn’t necessarily mean a trend reversal. The key is whether the price can hold above the critical level.