Trading volume is the most honest indicator. You can tell whether news carries weight by looking at volume.
Take this as an example: With 4 hours to go until the FOMC, traders are increasingly betting that there will be no rate hike this month.
Next, watch two things: whether trading volume picks up, and whether buyers step in on a pullback.
$BTC Current price: 80535.34.
#BTC
Take this as an example: With 4 hours to go until the FOMC, traders are increasingly betting that there will be no rate hike this month.
Next, watch two things: whether trading volume picks up, and whether buyers step in on a pullback.
$BTC Current price: 80535.34.
#BTC
