#BtC newbie

You must understand how the market and news work. By itself, the factor of negative news does not affect the market and does not move it, but it can become a factor in the confidence of the decision-making of the majority based on the technical analysis that has been formed by this moment.

In the history of cryptocurrencies, there is a colossal amount of evidence that the news background affects the market only indirectly and not always. Roughly speaking; in a stronger figure, your positions could suffer much less than on these charts.

If you want, a combination of two factors; the growth of hype around the memcom NOT attracted a colossal number of unfounded positions, and the exchange, seeing a chart that reflects the potential for movement in orders, decided to take advantage of this situation and used liquidity to play along.

News does not destroy the market, the market is destroyed by a complex of factors, and one of them is blind purchases outside support zones.