Let's break down this update:
① What happened: Fed's Logan says the US Treasury market is functioning well and the Fed needs to strengthen its support tools.
② Why it matters: It doesn't point strongly in any particular direction, so its direct impact on prices is limited. Still, it's worth keeping on the watchlist.
③ What I'll watch: Whether trading volume picks up, and whether sentiment catches fire or quickly fizzles out.
④ What I'll do: Stick to the original plan and wait for clearer news.
As for the price, $BTC is currently at 68925.06, down 3.73% over 24 hours, with an intraday range of 67568 ~ 72223.8.
Watch trading volume more and listen to speculation less—that can help you avoid a lot of pitfalls. What signals would you look for before making a move?
I may not be right, so don't take this as advice.
① What happened: Fed's Logan says the US Treasury market is functioning well and the Fed needs to strengthen its support tools.
② Why it matters: It doesn't point strongly in any particular direction, so its direct impact on prices is limited. Still, it's worth keeping on the watchlist.
③ What I'll watch: Whether trading volume picks up, and whether sentiment catches fire or quickly fizzles out.
④ What I'll do: Stick to the original plan and wait for clearer news.
As for the price, $BTC is currently at 68925.06, down 3.73% over 24 hours, with an intraday range of 67568 ~ 72223.8.
Watch trading volume more and listen to speculation less—that can help you avoid a lot of pitfalls. What signals would you look for before making a move?
I may not be right, so don't take this as advice.
