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Do you know where the market is that can help you make money?
Bitcoin is still at: around 72000-72600, first look at: 70500
The market from last night to today looks quite lively. Bitcoin even touched a high of 72857, and it’s now pulled back to around 70900. On the surface, it seems the bulls won, but the core is actually quite fragile.
In the end, the inner drive behind this rise is still news!
The US and Iran reached a two-week ceasefire agreement, forcing a large number of traders to close their positions. In the past 24 hours, about $627 million was liquidated across the entire network, of which shorts accounted for $470 million. This isn’t “big money coming in to sweep the market,” it’s “shorts running away due to pressure from the news.”
Actually, at this point, it’s still the news that provides the window—not the trend that gives signals. How long can the two-week ceasefire be sustained? Nobody knows. What will Trump say next? Nobody knows.