Crypto Knights:

Everything points lower. 🔽

Yesterday, Donald was warming up the markets right before another escalation around Iran.

Now the media is pushing the story about Trump potentially skipping his son’s wedding, with speculation that he may use that time to give the order for a strike on Iran. The long weekend in the US only adds to the tension - Memorial Day is on May 25.

This is Donny Dump’s favorite move: create panic during a long weekend, give markets time to digest it, and let investors come back to their screens after the damage is done.

But crypto does not get weekends off, so we get to “enjoy” the red weekend in real time. 😐

*As they say, the call was given.* 🚬

The market is red, which makes sense given the factors we wrote about yesterday. BTC is back below $75K, and the rest of the alt market followed it lower.

Those who were not greedy and took at least partial profits are now in a much better position.

Now we watch how the market behaves next week. There are again plenty of rumors that Trump is preparing strikes on Iran, but as always, we react to confirmed facts, not noise.

Also worth noting: Kevin Warsh officially became Fed Chair yesterday. There is an interesting pattern here - every time the Fed Chair changed, that period coincided with the start of a strong BTC correction.

That does not mean the same thing has to happen now. Just an observation worth keeping in mind.