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The current Bitcoin market can really only be described as "thrilling." The answer to Trump's attitude toward Iran will be revealed tonight, and the decisive moment is at 8 a.m. tomorrow morning.
On one side, institutions bought 470 million USD worth of ETFs yesterday against the trend, seemingly secretly accumulating shares; on the other side, the price repeatedly failed to break through 70k USD, indicating that the selling pressure above is terrifyingly strong. This is quite awkward—either rely on positive news to push it up past 70k and start a new rally toward 72k; or let the situation spiral out of control and break below 68k, bringing 66k and 65k into view.
Before the news is confirmed, all high-leverage traders should withdraw. Extreme market conditions can easily cause sudden drops and wipeouts. Focus on risk management, stay on the sidelines, and wait until the direction becomes clear before taking action. #币圈