many bulls on twitter and even here on reddit said the market was already “priced in”, hence why now the market has been going up despite the Fed raised interest rate by 75 bps once again. But using the same logic, can’t we say the same thing about bullish momentums?
Market generally has been going up since mid June until now, bitcoin was below $18K at the time and now it’s almost $23K. doesn’t that mean whatever trigger the current bullish movement won’t sustain since it’s also already priced in?
For example, many media outlets claimed Ethereum Merge triggered the recent bullish price action for Ethereum. But using this logic, that means the market will dump after the day of the Merge itself, since the bullish momentum is “priced in” too early?