Don't be fooled by the news! US-Iran verbal ceasefire, crypto circle beware of both longs and shorts being wiped out

Today is June 12th, the market just showed some signs of recovery, and then the US-Iran side dropped a deep water bomb.

Trump announced early in the morning that the Supreme Leader has given the nod, and a peace agreement will be signed this weekend, even threatening to lift sanctions. Soon after, media from the Iranian Revolutionary Guard also leaked that the likelihood of the text being approved is very high. Looks like good news, right? Don’t rush to chase the rally!

There’s a lot of complexity here. The Iranian Foreign Ministry quickly poured cold water, saying it’s all speculation.

What’s more tangled is that they say they want negotiations, but the Strait of Hormuz is still closed, and the US military says they have incapacitated nine ships. I’ve seen many scripts of “fighting while negotiating” like this.
This is a typical case of news-driven pump, the main force taking the opportunity to stir trouble.

This kind of verbal good news is the easiest to fake out traders; pushing prices up is just to trap shorts, and when retail investors rush in, if there’s no real signing over the weekend, they’ll immediately dump the market and kill the longs.

My view on this matter is very clear: until both sides officially sign, everything is just a bubble. Real peace won’t come that quickly; the negotiations are still in the back.

As retail investors, don’t be led by this kind of sentiment. What you should do now is reduce your positions and observe, not blindly go all-in. Opportunities for quick wealth are common, but if your principal is gone, you have nothing.

If they really sign over the weekend, a plunge in oil prices will drag down gold, where will safe-haven funds flow? I’ve already spotted the next critical point. For those wanting to position early, watch my next analysis.

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