Analysis: The current market reaction to news indicates a bearish sentiment at this stage

ChainCatcher news, crypto analyst Miles Deutscher posted on social media that a typical sign has emerged indicating that the market currently leans bearish (lights out mode). The market's reaction to news can tell investors all they need to know about sentiment; in a bull market, the market disregards bad news but rallies on good news. In a bear market, the opposite is true, with the market ignoring good news and dropping on bad news. It is important to observe early signs of trend changes, and the market's reaction to news is a simple way to do this.