WILL THE #WhiteHouseCryptoSummit BE THE CATALYST MARKETS ARE EXPECTING OR MERELY JUST A SELL THE NEWS TYPE OF EVENT?
From this latest #MarketRebound it seems that crypto markets are indeed pricing in amazing news from this upcoming first ever White House Crypto Summit, in particular by praising it in advance as probably the one most significant catalyst triggering the long-awaited altseason
However, given the fact that so far this crypto cycle has been mostly news-driven, such kind of anticipation also ends up implying quite a high risk of the outcome of such events failing to keep up with such expectations, thereby actually triggering a sell-the-news break to the downside, subsequently making this latest rebound into yet another bearish fakeout for #BTC as well as for #ETH and altcoins
It is precisely because of this that proper risk management becomes so highly relevant when setting out stop orders in anticipation of such kind of events driving markets
