Let's break down this news:
① What happened: Binance will begin restoring withdrawal services in phases from 14:00 today.
② Why it matters: The news is somewhat bearish; sentiment and leveraged funds are likely to be affected first. The key thing to watch is whether selling pressure is released all at once or builds gradually.
③ What I'll watch: The first big candlestick after the news takes effect, and whether more details or official statements follow.
④ My approach: I won't rush to buy the dip. I'll wait for selling pressure to ease and the candlestick to stabilize before reassessing.
At the end of the day, $BTC is currently at 77840, up 0.75% over 24 hours, with an intraday range of 77201.95 ~ 77897.03.
Markets sometimes price things in ahead of time, so when the news comes out, it can turn into a sell-the-news event. Which direction are you more bullish on?
#BTC
① What happened: Binance will begin restoring withdrawal services in phases from 14:00 today.
② Why it matters: The news is somewhat bearish; sentiment and leveraged funds are likely to be affected first. The key thing to watch is whether selling pressure is released all at once or builds gradually.
③ What I'll watch: The first big candlestick after the news takes effect, and whether more details or official statements follow.
④ My approach: I won't rush to buy the dip. I'll wait for selling pressure to ease and the candlestick to stabilize before reassessing.
At the end of the day, $BTC is currently at 77840, up 0.75% over 24 hours, with an intraday range of 77201.95 ~ 77897.03.
Markets sometimes price things in ahead of time, so when the news comes out, it can turn into a sell-the-news event. Which direction are you more bullish on?
#BTC
