Follow sentiment over short time frames and trends over longer ones. This news has a greater impact on shorter time frames.
Take the current news, for example: over the past 24 hours, liquidations across the market totaled $924 million, mostly affecting long positions.
Next, watch two things: whether trading volume picks up, and whether buyers step in on a pullback.
$BTC (24h +0.5%).
Take the current news, for example: over the past 24 hours, liquidations across the market totaled $924 million, mostly affecting long positions.
Next, watch two things: whether trading volume picks up, and whether buyers step in on a pullback.
$BTC (24h +0.5%).