$BTC BTC has dropped from the previously mentioned 13 events of short positions, and now the market is calling for the pig god again. But I am just a kind little pig citizen.
After the drop, it was mentioned that the short positions are being postponed, and as previously stated, the attributes show that the short position event is the Israel war.
Subsequently, during the price consolidation at a low level, it was mentioned on the 16th that we need to pay attention to the stock market's response to the event situation, and it was noted that if the stock market experiences a price increase, it can be known that this upward movement, resulting from the consolidation, will confirm the postponement of the short position event.
After the price increase, the article mentioned that there are two main forces here, both aiming to establish a consolidation high point around 109000. Therefore, we can see that the price starts to turn bearish around 108900.
At 2 AM on the 17th, it was mentioned that there is a short position event before 8 AM, which continues from the previous short position event, and the short position event is related to Israel. It can be seen that in the morning, Trump published a suggestion for the people of Tehran to evacuate immediately, as the war between Iran and Israel is expected to escalate. Then ETH fell back to its original position.
The subsequent development of the events, the article has begun to publish the evening's crisis.
BTCUSDT
Perp
106,711.1
-0.3%
