To understand any market, it is very important to understand its price movement based on news. Or you can say, it is better than technical analysis to understand every news that affects the market.
A few days ago, I shared in a post that if the US directly joins the war, the crypto market will crash. And if it doesnโt join, then this war wonโt affect crypto much.
The same thing happens and we did see that market follows the news that came from US. Majority of the investors are from US and its news have good impact on market.
Thatโs exactly what happened, the US attacked Iran's nuclear sites, and we saw BTC fall from $105K to $99K which is about 4% decline. Then later, Iran responded, but Trump announced that they will not do any counterattack. As soon as this news came out, BTC pumped again and now itโs around $105K.
This is how news affects the crypto market. The US has a strong influence on this market. So, increase your knowledge, follow current affairs if you want to survive in this market.
Try to follow some pages or sites which have news regarding to crypto market. Also you can take help from ChatGPT regarding news.
One simple solution is when the market is moving sideways, then trade by doing analysis. And when volatility increases, understand the news and trade in crypto based on it.
Like last night, after the attack, Trump said they have no intention to respond. After that, the market gave a strong move and pumped well.
This is the way to survive in this market. If you understand this, you will definitely succeed. I have shared what I understood, and I hope this post is informative for you.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
