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

Miles Deutscher, a cryptocurrency analyst, posted on social media indicating a typical sign that the market is currently leaning towards bearishness (lights out mode). The market's reaction to news can tell investors all the information about emotions. In a bull market trend, the market disregards bad news, but as soon as good news comes, it rises. In a bear market trend, it is the opposite; the market disregards good news, but as soon as bad news comes, it falls. It is essential to observe early signs of trend changes, and the market's reaction to news is a simple way to achieve this.