Trump worked overtime over the weekend and directly struck Iran's nuclear facilities, with missiles hitting the cryptocurrency space, especially the ETH arsenal, resulting in heavy losses...
Initially thought there was little chance of a big drop on Monday, but unexpectedly Trump started the attack over the weekend, and BTC almost broke the previous low of 100300, with the daily line not yet completing the third wave of decline. On Monday, there will also be a speech from the U.S. Department of Defense, feeling that it could break 100,000 at any time, forming a complete pattern, so we need to first look at the strength of the decline!
ETH is quite unfortunate, directly plummeting by over 6 points, breaking the previous low of 2312 and the lower edge of the central line. We need to see if the daily line can recover above 2312, preferably above 2350, then there might be another upward wave.
For now, we are observing. In the Middle East, we are watching Iran's reaction; will there be retaliation against the U.S.? After the new low, there will be confirmations on the 4-hour and daily lines to verify whether the previous low is effective and not breaking the new low before officially starting a rebound!
Tomorrow, there will also be a speech from the U.S. Department of Defense, looking for changes in the situation in the Middle East!
