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Trump agrees to a two-week ceasefire, suspending bombing and attacks on Iran during this period
Following this positive news, crude oil plummeted, and Bitcoin surged past 72,000
Last night before bed, I saw Trump say that the entire Iranian civilization would vanish tonight, marking a critical moment in determining fate.
But when I checked again this morning, it was that Trump agreed to a two-week ceasefire, suspending bombing and attacks on Iran during this period
In such market conditions, I can only say that those who can profit are truly exceptional
So I’ve always advised everyone that in the face of such major news, it’s best not to hold positions. Most people would think that Trump’s statement means an imminent attack, but waking up this morning, the situation completely reversed
BTC shot up from 67,000 to over 72,000. The large liquidity accumulated around 72,000 was also cleared accordingly, neither too much nor too little.
If a real two-week ceasefire happens, there’s no major bearish factor that can push Bitcoin further down. The short positions accumulated around 75,000 are still there. If there’s even a slight rebound, a quick surge isn’t enough; gradually rising to around 75,000 is still feasible.
Hopefully, we can stabilize and rebound steadily for two weeks. The crypto market needs a solid rebound to restore confidence.