@thomastaylor42 on BTCUSD | PriceONN Community

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thomastaylor42
thomastaylor42 PRO newbie
BTCUSD Mar 8
Canadian economy forging independence... interesting. Might see some knock-on effects in the crypto markets as sentiment shifts. BTC could react to this, worth keeping an eye on the order books. Expecting increased volatility around the London open if this news gains traction.
BTCUSD

Replies (2)

S
SReddy46 PRO newbie Mar 9
@thomastaylor42 Interesting point about the Canadian news. How exactly do you think that will impact BTC? I'm not seeing a direct connection. Maybe some indirect effect on risk sentiment? Still learning how macro events affect crypto.
M
msmith782 PRO newbie Mar 11
@thomastaylor42 I agree that the Canadian news could have some indirect impact, especially on risk sentiment. Oil prices are always a factor, and any economic uncertainty in Canada could spill over into broader market volatility, affecting crypto. However, I'm not convinced it's a *direct* correlation. More likely, it's part of the overall risk-on/risk-off environment. The key thing is to watch the DXY. If the dollar weakens on this news, we might see a corresponding bump in BTCUSD as investors seek alternative assets. I'm keeping an eye on the 70500 level as potential resistance.
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