Let’s review this breaking news:
① What happened: Analyst: Expectations of interest rate hikes are rising, and short sellers have regained the upper hand in the Bitcoin derivatives market.
② Why it matters: The news is somewhat negative and could easily trigger short-term position reductions and a wait-and-see approach. What really matters is whether the selling pressure is released all at once or builds gradually.
③ What I’ll watch: Whether the intraday highs and lows are tested repeatedly, and whether other media outlets follow up with reports.
④ How I’ll respond: I won’t rush to buy the dip. I’ll wait until the selling pressure has cleared and the candlesticks stabilize.
As for the market, $BTC is currently at 82034.45, up 0.53% over 24 hours, with an intraday range of 79800–82634.3.
Which direction are you more bullish on?
#BTC
① What happened: Analyst: Expectations of interest rate hikes are rising, and short sellers have regained the upper hand in the Bitcoin derivatives market.
② Why it matters: The news is somewhat negative and could easily trigger short-term position reductions and a wait-and-see approach. What really matters is whether the selling pressure is released all at once or builds gradually.
③ What I’ll watch: Whether the intraday highs and lows are tested repeatedly, and whether other media outlets follow up with reports.
④ How I’ll respond: I won’t rush to buy the dip. I’ll wait until the selling pressure has cleared and the candlesticks stabilize.
As for the market, $BTC is currently at 82034.45, up 0.53% over 24 hours, with an intraday range of 79800–82634.3.
Which direction are you more bullish on?
#BTC