“Has this bull market finally come to an end?” made the trending list (No. 10), and $BTC , which was also affected by the stock market, came up too.
For a hot topic to translate into price action, it has to pass three hurdles:
① Discussion: Will the community join in?
② Volume: Will trading volume pick up?
③ Staying power: Can the buzz last more than a day or two?
$BTC is currently at 81605, down 0.77% over 24 hours. Only when it clears all three hurdles has the buzz truly translated into price action. If it only makes it past the first step, it often blows over quickly.
When everyone is talking about it, it’s all the more important to think one step ahead.
Just my personal opinion—please consider it rationally.
For a hot topic to translate into price action, it has to pass three hurdles:
① Discussion: Will the community join in?
② Volume: Will trading volume pick up?
③ Staying power: Can the buzz last more than a day or two?
$BTC is currently at 81605, down 0.77% over 24 hours. Only when it clears all three hurdles has the buzz truly translated into price action. If it only makes it past the first step, it often blows over quickly.
When everyone is talking about it, it’s all the more important to think one step ahead.
Just my personal opinion—please consider it rationally.