Analyst: The current market response to the news suggests that it is more bearish at this stage."
According to online reports, crypto analyst Miles Deutscher posted on social media that there is now a typical sign that the market is currently leaning towards bearish (lights-out mode). The market's reaction to news can tell investors all about sentiment. In bull trends, the market shrugs off bad news, but good news rises when it comes. In a bear market trend, the opposite is true. Markets shrug off good news and fall when bad news comes. It's important to observe early signs of a trend shift, and the market's reaction to news is a simple way to do this.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
