Let's break down this news:
① What happened: Fed's Paulson: Further gradual rate hikes are appropriate amid high inflation.
② Why it matters: The news is somewhat bearish. Sentiment and leveraged funds are likely to be affected first; the key is whether selling pressure will persist.
③ What I'll watch: Whether large orders are buying or selling, and whether more details or an official statement follow.
④ What I'll do: I won't buy in just yet. I'll wait for the selling pressure to ease and the candlesticks to stabilize.
In trading terms, $BTC is currently at 73724.01, down 1.96% over 24 hours, with an intraday range of 72727.27–75442.01.
The noisier the news, the more worthwhile it is to wait and watch the price action. Which way do you think it'll go? Tell me in the comments.
I get it wrong a lot too, so make your own judgment.
① What happened: Fed's Paulson: Further gradual rate hikes are appropriate amid high inflation.
② Why it matters: The news is somewhat bearish. Sentiment and leveraged funds are likely to be affected first; the key is whether selling pressure will persist.
③ What I'll watch: Whether large orders are buying or selling, and whether more details or an official statement follow.
④ What I'll do: I won't buy in just yet. I'll wait for the selling pressure to ease and the candlesticks to stabilize.
In trading terms, $BTC is currently at 73724.01, down 1.96% over 24 hours, with an intraday range of 72727.27–75442.01.
The noisier the news, the more worthwhile it is to wait and watch the price action. Which way do you think it'll go? Tell me in the comments.
I get it wrong a lot too, so make your own judgment.
