Market data is more honest than any interpretation: first, watch whether volume and price are moving in sync.
Take this one: the probability of a Fed rate hike in October is only around 10%, while the market is betting on another hike in December. Warsh’s speech next week is in the spotlight. $BTC is down 1.09% intraday, with trading volume of 931 million.
The tone is subdued. If you’re thinking of buying in, wait for the selling pressure to clear first.
#BTC
Take this one: the probability of a Fed rate hike in October is only around 10%, while the market is betting on another hike in December. Warsh’s speech next week is in the spotlight. $BTC is down 1.09% intraday, with trading volume of 931 million.
The tone is subdued. If you’re thinking of buying in, wait for the selling pressure to clear first.
#BTC