The "exciting and thrilling" Thursday morning has passed, and Iran has not shown us too many "shocking" facts, while Trump continues his unabashed "rhetoric".
In the next two trading days this week, the market still has to live under the shadows of the Iranian issue and Trump's "big mouth"; nothing has changed.
However, as the Middle East issue has developed to this point, Iran's "extreme" remarks are basically being adapted to by the market and becoming "desensitized". The panic-inducing effect of Iran's statements on the market will greatly reduce, so we need to pay more attention to what Iran does, rather than what it says.
This is beneficial for risk markets, and the gradual "desensitization" regarding Middle Eastern geopolitics proves that the market is growing.
Returning to #Bitcoin's trend, the 1-hour chart remains in a range of fluctuations, but the 4-hour and daily charts are still in a weak zone. The current price trend needs to break through and stabilize above the resistance level of 105,700-106,400 in the 4-hour mid-range to effectively boost the price trend.
Of course, at this stage, both bullish and bearish perspectives can provide reasonable "explanations".
Bullish: Under negative news, the price cannot effectively break down, the price structure is stable, and holders are not panicking or selling pressure, indicating that the upward momentum is still present.
Bearish: Hourly and daily prices continue to be in a weak area, the overall environment does not have clear positive news, and the upward momentum is weak; it still needs to fall!
You see, the same price trend, just viewed from a different perspective, leads to different explanations from everyone. This is the conclusion guided by subjective viewpoints, and no one can escape this!