Analyst Miles Deutscher: The current market reaction to the news shows that it is more bearish at this stage

Odaily News Miles Deutscher, a crypto analyst, wrote on X that there is now a typical sign that the market is currently leaning towards bearishness (lights-off mode). The market's reaction to news can tell investors everything about sentiment. In a bull market trend, the market shrugs off bad news, but rises as soon as good news comes. In a bear market trend, the opposite is true. The market shrugs off good news and falls as soon as bad news comes. It is important to observe early signs of a trend shift, and the market's reaction to news is an easy way to do this.