$DOT It dropped to 0.98, the US-Iran memorandum of understanding was signed, yet the market actually fell more than two points. I stared at this candlestick for ten minutes, always feeling something was off.

In the past few days when geopolitical news was flying everywhere, everyone in the group was shouting "Safe-haven funds are buying coins, bottom fishing," but once the news was confirmed, Bitcoin hardly moved, and $DOT first showed a sudden plunge.

This kind of market behavior is the most interesting. Before the news comes out, everyone rushes in to hide their positions; after the news, no one wants to buy in anymore. The main players want this effect.

They directly pierced support with a spike, and those long positions that chased in are probably staring blankly at their accounts now.

Honestly, this looks like a shakeout, but this kind of shakeout is too crude. The trading volume hasn't increased, indicating that big funds at this level don't care whether you run or not; retail traders can scare themselves out.

$DOT The current situation is quite awkward. The 0.98 level is neither low nor high; there's no strong upward momentum, but downward, they're afraid of being wiped out by the liquidation pool.

Geopolitical easing should normally be good for risk assets, but in the crypto world, it doesn't follow macro logic; it only follows liquidity. With the US-Iran memorandum signed, the short-term geopolitical premium is gone, and those funds betting on escalating conflict will naturally run.

However, this kind of news-driven pullback is actually a good window to observe market strength. If $DOT can hold between 0.95-0.98, it shows the bulls are not weak; if it can't hold, then the liquidation zone below will be lively.

I'm not pretending to be a teacher; I'm just recording my own market feeling. This kind of chasing and selling in such a market is the easiest way to die. Better to wait and see the liquidation map before acting.

Do you think $DOT is a good entry point now, or should we keep waiting?
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