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Today, BTC surged to a high of 80k, now at 78,824.
Earlier, Iran announced it bombed a U.S. warship, causing a short-term dip, but it was quickly recovered, indicating the market isn't as panicked as expected.
There are two additional factors: Powell is leaving, and the new Warsh has a more hawkish stance; the "sell in May" seasonal effect is showing.
The news is somewhat bearish, but the price hasn't dropped significantly, suggesting the market is waiting and watching.
Let's see if 78K can hold.
If it holds, no need to act; if it doesn't, then we'll see. #BTC $BTC