For the traders here, have you noticed how negative news or narratives often align with the chart?
Big news, or what is said by influential figures in the world regarding Bitcoin, can affect market prices. They are affected because some traders follow what influential figures say. These news stories direct market sentiment to move in a certain direction. Like when Trump spoke about Bitcoin during the election campaign. This creates market sentiment that moves prices. And vice versa. If the news or narrative conveyed is negative, it can create negative sentiment in the market.
Now it can be said that the figures who talk about bitcoin, whether negative or positive, become the latest news that can affect the market, so that sentiments like this are getting stronger in the direction that is being discussed.
How Trump, carrying out a war attack on Iran, the market moves down, when the Trump campaign talks about adopting bitcoin - then bitcoin goes up.
What the important figures say becomes a reference for many whether about positive or negative news, then traders will draw conclusions.