For the traders here, have you noticed how negative news or narratives often align with the chart?
If you pay attention, you’ll see that just before a breakdown after several days of distribution, a negative news story tends to appear in the media, and then BTC dumps hard.
I’ve observed this pattern repeatedly, and I’m curious if it’s coordinated.
It works most of times but there are times when a good news makes the market falling down and oppositely a bad news makes the market rising.
Such times are when the market already feel familiar with bearish or bullish period and positive or negative news, so market participants tend to lose their ability to differentiate positive and negative news. They react in a wrong way that does not match with news type released at that moment.
If you always believe that similar news will surely and always make the market move down, for example, and you go shorting bitcoin, let's be careful as there will be times for you to pay high cost with market liquidations.