International trade goods services. A macroeconomic development that may affect interest-rate expectations, the dollar and crypto risk sentiment.
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How did Bitcoin move after this news?
Bitcoin was 0.21% higher from the event candle open to the end of its 15-minute window. The 5-minute move was +0.07%, the one-hour move was +0.09%, and pre-event RSI(14) was 60.3. Volume during the same window was 1.9 times the preceding three-hour average. Observed liquidations were $0K long and $1.1M short.
From the event candle, BTC moved +0.07% in 5 minutes, +0.21% in 15 minutes and +0.09% in one hour. Volume was 1.9 times its prior three-hour average, while pre-event RSI(14) at 60.3 indicated a neutral range. Liquidations in the one-hour observation window were $0K long and $1.1M short.
Returns compare the opening price of the five-minute candle containing the announcement with the close of 1, 3 and 12 candles. They may differ from exact timestamp returns. RSI uses only completed pre-event candles.
These measurements show timing and correlation, not proof of sole causation.