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To be honest, I still favor BTC continuing to go up now.
I just saw a pretty important piece of news, the Iranian president has already started mentioning the "framework agreement."
Such words being released actually indicate one thing:
The situation is unlikely to move in the worst direction.
The market's biggest fear right now is the complete loss of control over the war.
As long as talks begin, sentiment will gradually ease.
Another key point is that data from CME shows the probability of no rate hike in June is already 97.3%.
Basically, the market is defaulting to a pause on rate hikes.
Recently, a few things have been suppressing risk assets:
Geopolitics, interest rates.
Now they are starting to loosen.
Plus, the US crypto regulation has also been progressing recently, and it seems that large funds will continue to come back behind the scenes.
Anyway, my own understanding is:
Many people didn't dare to jump in when panic was high,
Now that macro conditions are starting to warm up, the real move might just be beginning. 👀