Let's review this message:
① What happened: Bitcoin's historical average return in November is 34.59%, with prices closing higher in 10 of 16 instances.
② Why it matters: This is somewhat negative news and could trigger short-term position cuts and caution; the key question is whether selling pressure will persist.
③ What I'll watch: Whether the intraday highs and lows are tested repeatedly, and how the market reacted when similar things happened before.
④ What I'll do: I won't buy just yet. I'll wait for selling pressure to clear and the candlestick chart to stabilize.
Back to the market: $BTC is currently at 77773.98, up 0.74% over 24 hours, with an intraday range of 77114.01–77897.03.
What really determines the price is supply and demand, not the news itself. Where do you think the key level is?
#BTC
① What happened: Bitcoin's historical average return in November is 34.59%, with prices closing higher in 10 of 16 instances.
② Why it matters: This is somewhat negative news and could trigger short-term position cuts and caution; the key question is whether selling pressure will persist.
③ What I'll watch: Whether the intraday highs and lows are tested repeatedly, and how the market reacted when similar things happened before.
④ What I'll do: I won't buy just yet. I'll wait for selling pressure to clear and the candlestick chart to stabilize.
Back to the market: $BTC is currently at 77773.98, up 0.74% over 24 hours, with an intraday range of 77114.01–77897.03.
What really determines the price is supply and demand, not the news itself. Where do you think the key level is?
#BTC
