This wave of Bitcoin retracement, on the surface, looks like the price is falling, but underlying it seems more like risk appetite being pressured first by geopolitical news. After Trump canceled the Iran negotiation-related schedule, the market initially priced in the uncertainty; but he is soon expected to speak at the crypto conference, $BTC so the next move will likely still be a tug-of-war, and short-term don’t interpret this single retracement as a one-sided trend.