Data first: $BTC (24h +0.3%)
Then the news: A trader is still buying October rate hikes against the trend, while holding short positions in BTC and the S&P 500.
The tone is cautious. If you're looking to buy the dip, it's best to wait for selling pressure to ease. Volume and price need to move together for the signal to be meaningful. If the price is moving but momentum isn't keeping up, that should raise a question mark.
#BTC
This is not a recommendation. Make your own decisions.
Then the news: A trader is still buying October rate hikes against the trend, while holding short positions in BTC and the S&P 500.
The tone is cautious. If you're looking to buy the dip, it's best to wait for selling pressure to ease. Volume and price need to move together for the signal to be meaningful. If the price is moving but momentum isn't keeping up, that should raise a question mark.
#BTC
This is not a recommendation. Make your own decisions.