BTC 67600 is playing tricks again?

News about the U.S. airstrikes on Iran is everywhere. Do you think risk-averse funds will rush in?

Look at the data: BTC rose by 1.34% yesterday, while ETH increased by 2.23%. What logic is this? Short covering! There were too many shorts in Ethereum, and as soon as the situation in Iran became tense, the shorts quickly closed their positions, and ETH was forcibly pulled up.

The on-chain liquidation map shows that there are still over 320 million long liquidations below 66000. Do you think it's over? Big players are quietly adding shorts near 67000; 66000 is the trap they set to make retail investors think it's over and get in to buy.

However, regarding the airstrikes in Iran, the short-term outlook is bullish, while the long-term outlook is bearish. If the Middle East becomes chaotic, oil prices will skyrocket, and the Federal Reserve may have to raise interest rates more aggressively, which would eliminate Bitcoin's liquidity support. Yesterday, U.S. stocks fell, and if the situation escalates tomorrow, Bitcoin won't hold.

Trading advice: Do not chase long positions below 67000, and if it breaks below 66000, directly look for support at 65200. There is significant resistance above ETH 2025, and below 1957 is a golden pit.

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