Let’s review this news:
① What happened: The founder of CryptoQuant says Bitcoin’s bear market is over.
② Why it matters: The news is relatively subdued, so sentiment and leveraged funds are likely to be affected first. What really matters is whether selling pressure is released all at once or builds gradually.
③ What I’ll be watching: Whether open interest rises or falls, and whether sentiment catches fire or quickly fizzles out.
④ What I’ll do: I won’t jump in yet. I’ll wait for selling pressure to clear and the candlesticks to stabilize.
Looking at the market, $BTC is currently at 83286.01, down 0.06% over 24 hours, with an intraday range of 81033.66 ~ 84168.
It’s important to stay informed as news breaks, but trading decisions still call for a cool head. Which direction are you more optimistic about?
#BTC
① What happened: The founder of CryptoQuant says Bitcoin’s bear market is over.
② Why it matters: The news is relatively subdued, so sentiment and leveraged funds are likely to be affected first. What really matters is whether selling pressure is released all at once or builds gradually.
③ What I’ll be watching: Whether open interest rises or falls, and whether sentiment catches fire or quickly fizzles out.
④ What I’ll do: I won’t jump in yet. I’ll wait for selling pressure to clear and the candlesticks to stabilize.
Looking at the market, $BTC is currently at 83286.01, down 0.06% over 24 hours, with an intraday range of 81033.66 ~ 84168.
It’s important to stay informed as news breaks, but trading decisions still call for a cool head. Which direction are you more optimistic about?
#BTC