Let’s break it down from a positioning perspective: Today, the Fear & Greed Index rose to 63, putting the market in “Greed” territory.
When news like this breaks, two things often happen in the market at the same time:
· Early movers start taking profits
· Latecomers start entering the market
Which group is larger determines the direction of the trend. $BTC 24h Trading volume: $1.122 billion. Check whether trading volume has spiked unusually.
#BTC
When news like this breaks, two things often happen in the market at the same time:
· Early movers start taking profits
· Latecomers start entering the market
Which group is larger determines the direction of the trend. $BTC 24h Trading volume: $1.122 billion. Check whether trading volume has spiked unusually.
#BTC