US inflation data was announced as 3.4% on an annual basis. The expectation was 3.4%. Bitcoin started to rise because it met expectations.
Before inflation was announced, BTC was trading at $62,500. Since inflation came as expected, the price of $BTC hit $65,000.
In my opinion, prices are not generally determined by the news, prices are determined by the news. However, the perception is given as if the news determines the prices, so that the manipulations of market makers are not obvious. News or developments play entirely into the hands of market makers. They wait for such news and developments to direct the market. Then they immediately take action and take action. Because millions of people with BTC do not follow the inflation data at that moment to buy or sell. This type of high volume strong body candles usually belong to whales and indicate their manipulations.
If I were a market maker, when such a development occurred, I would hide behind that development and immediately naturally push the price up and blast the short sellers. Then, with the price rise, I would make people think that this rise would continue and attract new investors and more new liquidity. Then I would wait for time, wait for news again, this time for negative news, and this time I would do the opposite of the same candle. I would even do it without waiting for news. I wouldn't always wait for news and reveal my strategy.
The continuation of my article is in my next article! (1/2)
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