Q: An analyst says short-term Bitcoin holders transferred 11,000 BTC to exchanges over the past 7 days. What do you think?
A: When negative news breaks, panic sellers tend to sell first. Only afterward can we see how much buying support there really is. News is news, and candlestick charts are candlestick charts: until the trend changes, don't let a single news item dictate the narrative.
$BTC (24h +0.9%).
#BTC
Whether to buy is up to you. I'm just keeping a record.
A: When negative news breaks, panic sellers tend to sell first. Only afterward can we see how much buying support there really is. News is news, and candlestick charts are candlestick charts: until the trend changes, don't let a single news item dictate the narrative.
$BTC (24h +0.9%).
#BTC
Whether to buy is up to you. I'm just keeping a record.