$BTC The divergence is still around 76k, but keep an eye on the 67,300 area for potential exits.
The closer we get to 74k, the better the short positions look, so let's tread lightly.
The Middle East is a total mess right now; the anticipated impact of the Fed's pricing adjustments starting in June has been put on hold, and we might not be able to think about it until August or September. The situation between the US, Israel, and Iran is all about maintaining a balance of power, so let's be cautious and keep an eye on this Middle Eastern drama.
The Israeli side is trying to interfere with the agreements to limit Netanyahu's midterm elections;
On the US side, Trump is desperately looking to disengage from the Middle East quagmire before the midterms;
On the Iranian side, one faction is pushing for revenge, vowing to take Netanyahu's head; while another faction is playing good cop, bad cop with the US, manipulating oil prices for personal gain.
The reason this quagmire is so deep is that every move made by those involved just sinks them further...
The closer we get to 74k, the better the short positions look, so let's tread lightly.
The Middle East is a total mess right now; the anticipated impact of the Fed's pricing adjustments starting in June has been put on hold, and we might not be able to think about it until August or September. The situation between the US, Israel, and Iran is all about maintaining a balance of power, so let's be cautious and keep an eye on this Middle Eastern drama.
The Israeli side is trying to interfere with the agreements to limit Netanyahu's midterm elections;
On the US side, Trump is desperately looking to disengage from the Middle East quagmire before the midterms;
On the Iranian side, one faction is pushing for revenge, vowing to take Netanyahu's head; while another faction is playing good cop, bad cop with the US, manipulating oil prices for personal gain.
The reason this quagmire is so deep is that every move made by those involved just sinks them further...