Let’s break down this news:
① What happened: The founder of Kishu Inu has been accused of an alleged $9 million rug-pull scam and faces three counts of wire fraud.
② Why it matters: The news is bearish, and sentiment and leveraged positions are likely to feel the impact first. The key question is whether selling pressure will persist.
③ What I’ll be watching: Whether the price can hold above its pre-news level, and whether sentiment catches fire or quickly fades.
④ What I’ll do: Sit tight for now. I’ll wait for selling pressure to ease and the candlesticks to stabilize before reassessing.
Looking at price action, $BTC is currently at 83197.94, down 1.23% over 24 hours, with an intraday range of 82227.56–84309.89.
Pay more attention to trading volume, not just the narrative—it can help you avoid a lot of pitfalls. Will the market change direction later?
Data is for reference only. Please make your own decisions.
① What happened: The founder of Kishu Inu has been accused of an alleged $9 million rug-pull scam and faces three counts of wire fraud.
② Why it matters: The news is bearish, and sentiment and leveraged positions are likely to feel the impact first. The key question is whether selling pressure will persist.
③ What I’ll be watching: Whether the price can hold above its pre-news level, and whether sentiment catches fire or quickly fades.
④ What I’ll do: Sit tight for now. I’ll wait for selling pressure to ease and the candlesticks to stabilize before reassessing.
Looking at price action, $BTC is currently at 83197.94, down 1.23% over 24 hours, with an intraday range of 82227.56–84309.89.
Pay more attention to trading volume, not just the narrative—it can help you avoid a lot of pitfalls. Will the market change direction later?
Data is for reference only. Please make your own decisions.