According to BitMex analysts, Bitcoin's recent performance is a cause for concern. It reacts violently to negative news from traditional markets, but performs flat when positive macro news arrives. To navigate this uncertain environment, one should consider focusing on trading cryptocurrency trading pairs rather than dollar-based trading pairs. This strategy can help mitigate the risk of macro impacts and allow you to take advantage of the relative strengths/weaknesses of the crypto market.
This week, bitcoin has underperformed the Nasdaq by more than 7%, with a surprising sell-off during Thursday's U.S. trading session.
BitMex Analyst: When the environment is uncertain, consider focusing on trading cryptocurrency trading pairs
2024-08-19 10:34:11
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