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Yesterday’s main force still wanted to keep pushing higher, but due to yesterday’s news—when Iran’s negotiation representative resigned—oil prices suddenly skyrocketed, leaving the main force feeling powerless to push higher. The current market is very clear: there isn’t enough confidence that the situation will ease. Although contact between both sides is possible, it’s relatively difficult for both sides to make concessions on the talks. As a result, Bitcoin started plunging during the US stock market session.
But yesterday’s idea of going long on the dip is still basically fine—it's just that the profits got eaten by nearly half. The news is flying all over, and the shifts between bulls and bears are this frequent. Don’t think too complicatedly—just follow Hua Tuo’s approach, and you won’t miss out on eating the meat or drinking the soup.
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