The current market crux entirely depends on Trump's narrative manipulation.
Last night another major signal was released: on one hand hinting at Iran negotiations and releasing goodwill with "gifts" to calm the market, while on the other hand continuing military buildup in the Middle East, using both soft and hard tactics to control sentiment.
The price movement is completely within expectations. The liquidation level near 69,000 highlighted yesterday as a key point has been completed, followed by a rebound as expected from the news stimulus.
On the technical side, I still lean bearish first. Currently, it remains a shock decline structure. Only if we hold steady above 71,500 effectively can the downtrend be considered broken, allowing us to continue looking toward the 72,500 target level. #BTC突破71000美元
The current market crux entirely depends on Trump's narrative manipulation.
Last night another major signal was released: on one hand hinting at Iran negotiations and releasing goodwill with "gifts" to calm the market, while on the other hand continuing military buildup in the Middle East, using both soft and hard tactics to control sentiment.
The price movement is completely within expectations. The liquidation level near 69,000 highlighted yesterday as a key point has been completed, followed by a rebound as expected from the news stimulus.
On the technical side, I still lean bearish first. Currently, it remains a shock decline structure.
Only if we hold steady above 71,500 effectively can the downtrend be considered broken, allowing us to continue looking toward the 72,500 target level.
#BTC突破71000美元