The square is buzzing today about “Hong Kong’s SFC plans to restrict the use of terms related to crypto and exchanges” (38k views).
Discussion heat is itself a sentiment indicator. I focus more on three details:
· Is everyone in agreement, or are people arguing?
· Is the topic just getting started, or is it already all over the feed?
· Has $BTC ’s volume and price moved along with it?
When everyone’s in agreement and it’s all over the feed, it often means the short-term move is near its peak; when people are still arguing and the discussion is just getting started, it’s more likely to have staying power.
$BTC is currently at 75903.69, down 0.058% over 24h. Let’s keep an eye on it for now.
#BTC #港证监会拟限加密及交易所字眼
Discussion heat is itself a sentiment indicator. I focus more on three details:
· Is everyone in agreement, or are people arguing?
· Is the topic just getting started, or is it already all over the feed?
· Has $BTC ’s volume and price moved along with it?
When everyone’s in agreement and it’s all over the feed, it often means the short-term move is near its peak; when people are still arguing and the discussion is just getting started, it’s more likely to have staying power.
$BTC is currently at 75903.69, down 0.058% over 24h. Let’s keep an eye on it for now.
#BTC #港证监会拟限加密及交易所字眼