Bitcoin is like a neurotic; you can never predict what it's going to do next! Matt Maloney, an expert from 21Shares, said that it is particularly sensitive to economic data, central bank policies, and regulatory news, bouncing around all the time.

Unlike serious investment products like stocks and bonds, Bitcoin really loves to pay attention to its "appearance"—I’m talking about those colorful candlestick charts. The depth of buying and selling varies across exchanges worldwide, and with many trades now done automatically by robots, along with random on-chain data directing things, Bitcoin's price is often driven by technical indicators, position changes, or automated trading, rather than the actual news.

In simple terms: just because you think some major good news comes out and it should rise, it might actually drop sharply because some technical indicator hit a resistance level. This thing behaves like a rebellious child, always going against you!