🐋 Beyond reading charts, there’s something else you should know: bull and bear markets
Macroeconomic liquidity, interest rate changes, regulatory policies, and major industry events can all affect the phase the crypto market is in.
Sentiment can also amplify price movements: more people jump on the bandwagon when prices rise, and more people sell in a panic when prices fall, making prices swing more sharply.
Many people use the price trend of $BTC to describe the phase the crypto market as a whole is in.
Don’t rush into a trade just because everyone else is buying.
Macroeconomic liquidity, interest rate changes, regulatory policies, and major industry events can all affect the phase the crypto market is in.
Sentiment can also amplify price movements: more people jump on the bandwagon when prices rise, and more people sell in a panic when prices fall, making prices swing more sharply.
Many people use the price trend of $BTC to describe the phase the crypto market as a whole is in.
Don’t rush into a trade just because everyone else is buying.