• 34ºc, Sunny

Analyst: The current market reaction to the news indicates that it is more bearish at this stage

Crypto analyst Miles Deutscher posted on social media that there is now a classic 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 a bull trend, the market shrugs off bad news, but the good news goes up. In a bear trend, the opposite is true. The market shrugs off good news and the bad news goes down. It is important to watch for early signs of a trend shift, and the market's reaction to news is an easy way to do this.