Short-term timeframes follow sentiment, while larger timeframes follow trends. This news is more likely to affect the shorter timeframes.
Take this news, for example: Trader: Overheated supply among BTC short-term holders may signal that a market bottom is forming.
Next, watch to see whether the price holds above the intraday opening price after the news breaks.
$BTC Current price: 82612.01 (24h -0.61%).
Take this news, for example: Trader: Overheated supply among BTC short-term holders may signal that a market bottom is forming.
Next, watch to see whether the price holds above the intraday opening price after the news breaks.
$BTC Current price: 82612.01 (24h -0.61%).