Nuclear Warning! War in the Middle East? The cryptocurrency market is in turmoil, can we bottom out this time?
In the Middle East, it's common for the crypto market to drop and then rebound after a conflict, but this time it's more intense, so we need to keep a close eye on the follow-up.
Historical Pattern: When war breaks out, cryptocurrency prices definitely drop, but they often rebound even more afterwards. Recovery is faster this time.
This time is special: Israel bombed Iran's nuclear facilities! The risk level is off the charts, which is why this wave of decline is particularly severe.
Key Points of the Plunge: Risk is at its peak: Nuclear facilities have been bombed, and if it escalates, the consequences could be severe, causing capital to flee desperately.
Severe Drop: Bitcoin has fallen into oversold territory, Ethereum has broken the key level of $2500, technically it should bounce back.
Longs Suffered Great Losses: $1.16 billion in liquidations in one day, with 92% being long positions! Panic selling has reached its limit, which may trigger a short covering rebound.
Shorts are strong but easing: Funding rates have turned negative, but some shorts are starting to take profits, which is a positive signal.
Future Key Signals: Iran's retaliation? Real conflict? The U.S. next? If it’s just rhetoric, the market will cool down quickly; if it escalates into real fighting, be prepared for prolonged fluctuations.
Institutional Bottom Fishing? Keep an eye on BlackRock's Bitcoin ETF! Over $100 million inflow in a single day is a strong rebound signal.
Has the technical support held? $100,000 for Bitcoin and $2500 for Ethereum are critical lines; holding them is likely to lead to a rebound, breaking them would lead to lower levels.
Are you stuck in a position? When to bottom fish? Still the same old saying, feeling lost and helpless without knowing what to do, click on the avatar to comment. I need followers, you need references.
