It exploded, it collapsed.
The United States used 12 giant bunker-busting bombs to destroy Iran's nuclear dreams and also the foundation of the clerical regime.
Moreover, it also blew up the wallets of hundreds of thousands of retail investors in the crypto space.
I knew it would drop below 100,000, I just didn't expect it to happen so quickly.
In the crypto space, there is a recurring drama of mountains of corpses and seas of blood, survival against the odds, toasting amidst chaos, and the decline and fall of empires.
This doesn't happen easily; it's all orchestrated by the manipulators with premeditated plans.
For this world, we must have a basic sense of right and wrong, a view of justice and evil. Humanity can harness nuclear energy to serve mankind, but nuclear weapons, regardless of who possesses them, pose a potential risk of annihilation to humanity.
The more countries that possess them, the closer humanity is to extinction. If radical countries like ZZ and DC manufacture them, it will lead to catastrophic consequences.
This time, Israel, along with the United States, has taken action against Iran's nuclear program, which is not just about maintaining peace and stability in the region but also about preventing nuclear proliferation.
Almost all those who support Iran's nuclear ambitions are part of the axis of evil. You can fill in the blanks yourself.
Currently, this Middle East war and crisis are unlikely to end easily in the near term, and the entire financial market will once again be turbulent. The possibility of a sharp drop in the U.S. stock market today is very high, so everyone should be cautious in their trades.
From the daily chart perspective, BTC has effectively broken below its lifeline, with MACD showing a death cross pointing downward, indicating a continued possibility of a pullback. If it bounces back to the lifeline, one can exit or go short. However, today's K pattern shows a long lower shadow, a false negative but a true positive, suggesting there is capital support. The 100,000 level is very important; if it effectively breaks below that, it will head towards 92,000. Continuing downward is certain; it's just a matter of when.
On the hourly chart, MACD shows a golden cross, indicating a short-term need for a rebound, but the rebound will not be very high in volume. One could short at 103,000, with a stop-loss around 104,000 and take profit near 100,000.
On the weekly chart, MACD shows a death cross, confirming a pullback, with short positions being the main strategy during rebounds. However, from a larger cycle perspective, it is still in a bullish pattern; a sharp drop followed by a retest is the time to accumulate in spot positions. I have repeatedly reminded that for ETH, SOL, Doge, Pepe, UNI, etc., the first layer of spot positions could have been accumulated yesterday.
When we stretch time and space, we are just a grain of dust in this world; all the persistence, fame, and fortune are just illusions, a grand dream. $BTC