Data is more honest than any opinion: first, see whether volume and price are moving in sync.
For example, this item: Bitcoin faces the US midterm election test: the makeup of Congress affects year-end expectations, and a Democratic sweep could be worst for the crypto industry. $BTC 24h -2.25%, trading volume: 1.111 billion.
The overall picture looks somewhat negative, but to see whether this has already been priced in, compare it with the price action beforehand.
#BTC
For example, this item: Bitcoin faces the US midterm election test: the makeup of Congress affects year-end expectations, and a Democratic sweep could be worst for the crypto industry. $BTC 24h -2.25%, trading volume: 1.111 billion.
The overall picture looks somewhat negative, but to see whether this has already been priced in, compare it with the price action beforehand.
#BTC
