Q: Glassnode: Sellers are capitulating again, which may signal a market bottom for this phase. What impact could this have on the market?
A: With bearish news out, trim positions first, then assess the situation gradually. The first pullback after the news is the most important: if the market holds, it shows that buying demand is still strong.
$BTC is currently trading at 82328.71.
A: With bearish news out, trim positions first, then assess the situation gradually. The first pullback after the news is the most important: if the market holds, it shows that buying demand is still strong.
$BTC is currently trading at 82328.71.