Analyst: The recent crypto market has been greatly influenced by traditional finance, it is recommended to focus on trading cryptocurrency pairs
Golden Finance reports, BitMex analysts say that Bitcoin's recent performance is worrying - it reacts strongly to negative news from traditional markets, but performs mediocre when positive macro news arrives. To navigate this uncertain environment - consider focusing on trading cryptocurrency pairs instead of dollar-based pairs. This strategy can help mitigate the risk of macro impacts and allow you to take advantage of the relative strengths/weaknesses in the crypto market. This week, Bitcoin performed more than 7% lower than Nasdaq and there was a surprising sell-off during Thursday's US trading session.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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