$BTC , here’s the latest news: BlackRock says crypto assets rebounded in the third quarter.
It’s not uncommon for prices to spike and then pull back on the day good news breaks. Don’t jump to conclusions based on the headline alone. A genuine breakout needs to be backed by volume; a breakout on declining volume will often fall back into the trading range.
Do you usually chase trades based on this kind of news?
This is just a market update. Please make your own trading decisions.
It’s not uncommon for prices to spike and then pull back on the day good news breaks. Don’t jump to conclusions based on the headline alone. A genuine breakout needs to be backed by volume; a breakout on declining volume will often fall back into the trading range.
Do you usually chase trades based on this kind of news?
This is just a market update. Please make your own trading decisions.