Let the chart do the talking | One year after the “10/11 crash”: risks remain in the crypto market, and investors should manage leverage prudently
News can change the pace, but rarely the overall direction. For that, look at the candlesticks. The key is the timing gap between price action and news: did the market react in advance, or only after the fact? The implications are different.
The news looks somewhat negative, but to see whether it was already priced in, compare it with price action over the previous few days.
$BTC is currently at 82860 (24h -0.64%), with a 24h range of 82285.71–83418.
#BTC
For reference only; not investment advice.
News can change the pace, but rarely the overall direction. For that, look at the candlesticks. The key is the timing gap between price action and news: did the market react in advance, or only after the fact? The implications are different.
The news looks somewhat negative, but to see whether it was already priced in, compare it with price action over the previous few days.
$BTC is currently at 82860 (24h -0.64%), with a 24h range of 82285.71–83418.
#BTC
For reference only; not investment advice.