$BTC This pullback from 87,000 to 80,000, considering the barrage of negative news, hasn’t been that steep—only around 5%‼️
There’s been a lot of negative news this time, but the decline has been limited. In the past, a drop of at least 10% would have been the bare minimum 🤔
The negative news includes U.S. Treasury yields near 5.7/5.3, stronger expectations of interest rate hikes, oil-driven inflation, and geopolitical fears… BTC dipped to around 80,344 at the low before bouncing back, and has repeatedly held around 82,800.
The news is just the surface; how prices react to it is the real information. Despite a barrage of negative news, the price isn’t falling much—this suggests selling pressure is limited and shorts are paying 📈
There’s been a lot of negative news this time, but the decline has been limited. In the past, a drop of at least 10% would have been the bare minimum 🤔
The negative news includes U.S. Treasury yields near 5.7/5.3, stronger expectations of interest rate hikes, oil-driven inflation, and geopolitical fears… BTC dipped to around 80,344 at the low before bouncing back, and has repeatedly held around 82,800.
The news is just the surface; how prices react to it is the real information. Despite a barrage of negative news, the price isn’t falling much—this suggests selling pressure is limited and shorts are paying 📈