Hacker News Reader

"Sharply" is anchored on where the price was just before announcement. Not where it was a week ago... Price moved on the news...

View on HN

The price regularly moves more than 2.5% on no news at all. This move isn't sharp, it's negligible.

For anyone coming across this later, here's what happened a day after BTCUSD moved "down sharply":

https://i.imgur.com/GSFU7Mu.png

Just your average market fluctuation, or at worst an overreaction and immediate correction. It's best not to try to predict long term market cycles from the 1h candles.

Reply on news.ycombinator.com