Let's break down this news flash:
① What happened: The U.S. Treasury sanctioned eight companies based in Canada with ties to Iran.
② Why it matters: The news is somewhat bearish, and sentiment and leveraged funds are likely to feel the impact first; the key question is whether selling pressure will persist.
③ What I'll watch: Whether open interest rises or falls, and whether the parties involved issue a response.
④ What I'll do: Stay on the sidelines for now and wait until the selling pressure eases and the candlesticks stabilize before reassessing.
Back to the market: $BTC is currently at 75903.13, down 0.48% over 24 hours, with an intraday range of 74888–76416.24.
The more often similar news comes out, the weaker its actual impact tends to be. Will the market turn around from here?
① What happened: The U.S. Treasury sanctioned eight companies based in Canada with ties to Iran.
② Why it matters: The news is somewhat bearish, and sentiment and leveraged funds are likely to feel the impact first; the key question is whether selling pressure will persist.
③ What I'll watch: Whether open interest rises or falls, and whether the parties involved issue a response.
④ What I'll do: Stay on the sidelines for now and wait until the selling pressure eases and the candlesticks stabilize before reassessing.
Back to the market: $BTC is currently at 75903.13, down 0.48% over 24 hours, with an intraday range of 74888–76416.24.
The more often similar news comes out, the weaker its actual impact tends to be. Will the market turn around from here?