“Why did some A-share bank stocks hit new highs on the first trading day after the holiday?” made the top trending searches across the web (No. 7), and $BTC , which is linked to stock market movements, was also mentioned.
For a hot topic to feed through to prices, it has to pass through three stages:
① Attention: Will people on the feed start talking about it?
② Trading: Will trading volume increase noticeably?
③ Persistence: Will the discussion continue for a day or two?
$BTC is currently at 83058.4, down 0.88% over 24h. Only when it passes all three stages can the feed-through be considered effective. If it only reaches the first stage, it will probably blow over quickly.
Buzz is the starting point; whether money follows is what matters.
#IMF豁免萨尔瓦多比特币持仓超限 #BTC
The above is for reference only. Please make your own independent trading decisions.
For a hot topic to feed through to prices, it has to pass through three stages:
① Attention: Will people on the feed start talking about it?
② Trading: Will trading volume increase noticeably?
③ Persistence: Will the discussion continue for a day or two?
$BTC is currently at 83058.4, down 0.88% over 24h. Only when it passes all three stages can the feed-through be considered effective. If it only reaches the first stage, it will probably blow over quickly.
Buzz is the starting point; whether money follows is what matters.
#IMF豁免萨尔瓦多比特币持仓超限 #BTC
The above is for reference only. Please make your own independent trading decisions.