Fellow cryptocurrency enthusiasts, have you noticed the unusual fluctuations at 3:53 PM yesterday? At that moment, it felt like the crypto world was fast-forwarded, with dramatic curves appearing on the price chart. This is not just an ordinary rise and fall, but a grand drama in the crypto world triggered by international situations. Today, let's uncover the secrets behind this and see what made the prices so crazy.
The catalyst for the surge:
First, let's review the moment of the surge. According to the first image, we can see that the price skyrocketed after breaking through several key resistance levels. All of this was due to the announcement of a ceasefire between Iran and Israel. The market viewed this as a positive signal, indicating a de-escalation of regional tensions, prompting investors to flock to the market and push prices up.
The culprit for the crash:
However, the good times did not last long. Just when everyone thought peace was about to arrive, the second image shows that Israel's defense minister announced that Iran violated the ceasefire agreement and carried out intense strikes on Israeli territory. As soon as this news broke, market sentiment reversed instantly, and investors worried that the war would escalate again, leading to a massive sell-off and a sharp drop in prices.
Subsequent market prediction:
So, what will the subsequent market look like? Here, I will analyze it for you:
Short-term: Due to the uncertainty of the war, market sentiment may continue to fluctuate. If the situation worsens, the cryptocurrency price may continue to fall. However, if both sides can reach a new ceasefire agreement, the price may rebound.
Medium to long-term: From a technical analysis perspective, after experiencing this wave of surges and crashes, the cryptocurrency price may enter a new adjustment period. We need to pay attention to whether the price can stabilize at key support levels and the changes in market sentiment.
The market is like a battlefield; lone wolves are bound to perish! Stay tuned to Guanqu, with top firepower coverage, specially for the ambitious madmen!
