The connection between Trump’s surprise Iran peace deal announcement and this sudden market turnaround is completely valid. Stripping out the geopolitical risk premium and reversing the inflation fears that were weighing down risk assets practically handed the market a textbook relief rally. Combining that macro shift with Michael Saylor stepping back in to buy $101 million in $BTC after that brief, confusing sale last week gave institutional investors the exact green light they needed to bid BTC back toward $66,000.

I feel a bit cautious about getting overly aggressive on this bounce, though. While the headline news is great, Bitcoin is still trading below its 50-day and 200-day moving averages, meaning we are technically just bumping into a heavy overhead supply zone. Retail volume is still mostly absent, with a lot of liquidity rotating straight into equities and AI instead of following the crypto pump. I'm trading this strictly as a short-term relief bounce rather than a full macro reversal, focusing mostly on spot BTC and staying away from high-leverage altcoin longs until we actually reclaim $70,000