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

Golden Finance reported that crypto analyst Miles Deutscher posted on social media that there is now a typical sign that the market is currently leaning towards bearishness (lights-off mode). The market's reaction to news can tell investors everything about sentiment. In a bull market trend, the market is dismissive of bad news, but it rises as soon as good news comes. In a bear market trend, the opposite is true. The market is dismissive of good news and falls as soon as bad news comes. It is important to observe early signs of a trend shift, and the market's reaction to news is an easy way to do this.