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Recently, the US-Iran negotiations have been repeatedly tugging back and forth, plus Trump came out again to shout and draw K-lines, causing chaos in the crypto circle. 😓😓😓
Whether war will really break out is actually no longer important — both sides are wavering, news reports change daily, essentially exploiting this uncertainty to harvest the market. 😄😄😄
The Strait of Hormuz just announced it was open, causing crude oil to plummet, short positions profit; not long after, it said it was closed, crude oil rebounded, and risk assets plunged, long positions could then profit again.
In short, the losses from war have long been doubled back in the stock market, futures, and crypto markets. 😋
Applied to Bitcoin, such an environment easily follows the pattern of first pushing prices up, then quickly smashing the market.
Positive news attracts longs, negative news smashes longs, repeatedly cutting in and out, eating both longs and shorts. #山寨币强势反弹 #AI基建重心转向应用侧 $BTC $GT