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There’s once again a chorus of bullish voices in the market. Haven’t the missile from Iran this afternoon made you any clearer?
Although the short-term pressure has been broken (around 80,000), when you look at the overall market, only Bitcoin is surging wildly. Other altcoins have only managed to register a certain amount of growth. The plunge in the market this afternoon has already cut off the bulls from pushing any further upward. So when you say it’s a bull comeback, isn’t that a bit too early?
The U.S. side doesn’t admit that its warship was hit. But everyone knows what’s really going on. Once the U.S. and Iran fight again, it will bring another major bearish shock. So right now, all we need to do is focus on handling what’s happening at the moment. Those unknown factors are beyond our control.
Current levels: resistance at 805, support at 780. In the short term, the market should trade within this range. In the evening, we don’t look at a one-directional move; instead, we can participate in long and short entries around the points in this range, going back and forth. As for the outlook, once this zone breaks through, we’ll make on-the-spot adjustments. $BTC $ETH