#BTC Bitcoin was smashed down to 99500 early yesterday morning and started to rebound, reaching a high of 106000 USD and a low of 6500 points up
The significant increase was also due to the news that Iran and Israel's conflict was said to be stopping, which is why the market surged so much; this wave knocked out a lot of 🈳 empty positions. Such surges are typically known in advance by those with insider information, who enter the market to drive the prices up
However, during the day, the news indicated that Iran and Israel were still firing at each other and had not completely ceased fire. It seems that the most accurate information will come at 4 AM tonight. If that's the case, tonight's market will be difficult to operate
If the ceasefire is indeed real, one could go long to take advantage of the rebound and then sell at a higher point. If the ceasefire is fake and the news is misleading, it’s just a game of 🈳 empty positions
My personal suggestion is to refrain from trading tonight and wait for the news to come out in the early morning before making any decisions.