Good morning, waking up to market turmoil.
The U.S. government is exploring whether to sanction Tether, while Israel is carrying out retaliatory airstrikes against Iran, and there is a flood of negative news, causing Bitcoin prices to decline.
However, observing the Bitcoin spot ETF, there has been a significant inflow of funds recently, similar to early February of this year when the first round of massive fund inflows after the ETF approval drove up prices. Now, Bitcoin is hovering below $70,000, and the situation is complex.
In the short term, we need to pay attention to how these negative news items are digested. Next, it could either consolidate and break through the historical highs or fall below $65,000, reverting to a consolidation trend.
In short, it will either rise or consolidate, let's go for it! 😉😉😉
