Why Relief Bounces Fail | Bitcoin's $62K Breakdown & Trader Psychology
Bitcoin broke below the $62,000 psychological support level—but the real story isn't the breakdown itself.It's how traders responded to it.In this episode of IM7 Intelligence, we explore why relief bounces often fail, how traders mistake temporary optimism for genuine confirmation, and the behavioral finance principles behind anchoring, recency bias, confirmation bias, the disposition effect, and loss aversion.Learn why professional traders focus on follow-through instead of emotion—and why every candle earns the next one.Read the full…
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