A look at the market from a positioning perspective: Recent market analysis: BTC has pulled back 7% in the short term, and the reasons go far beyond “the U.S. government selling coins.”
When news breaks, two things usually happen in the market at the same time:
· Early buyers look for opportunities to exit
· Funds that only came in after seeing the news start buying
Whichever group has more influence determines the price direction. $BTC 24h in trading volume: $1.585 billion. Let’s see whether turnover has surged abnormally.
#BTC
Not investment advice.
When news breaks, two things usually happen in the market at the same time:
· Early buyers look for opportunities to exit
· Funds that only came in after seeing the news start buying
Whichever group has more influence determines the price direction. $BTC 24h in trading volume: $1.585 billion. Let’s see whether turnover has surged abnormally.
#BTC
Not investment advice.