I was talking with a friend about this: U.S. Treasury yields fell to a seven-week low.
He asked what I thought, and I told him: You can't simply classify this kind of indicator as good or bad; you have to look at the trend.
I treat macro news as a reference for the broader environment, but when it comes to making a move, I look at price.
Don't just look at whether it's up or down—look at volume too.
$BTC is now at 77039.03, so I'm not rushing to act. Do you remember what happened after similar news in the past?
#BTC
He asked what I thought, and I told him: You can't simply classify this kind of indicator as good or bad; you have to look at the trend.
I treat macro news as a reference for the broader environment, but when it comes to making a move, I look at price.
Don't just look at whether it's up or down—look at volume too.
$BTC is now at 77039.03, so I'm not rushing to act. Do you remember what happened after similar news in the past?
#BTC
