Gold is stabilizing and adjusting slightly, this is indeed a long-term accumulation opportunity.
The reason for the price drop in recent days is not a trend reversal, but mainly due to assets in the Middle East being sold off to escape from the conflict.
When the situation stabilizes again, gold will surge even more! #GOLD
๐จ BTC Hot Update 20/3: Bitcoin holds $70K amidst the Iran-Qatar storm! ๐ฅ Current BTC price ~$70,500 (-1-2% 24h), dipped below $69K temporarily due to airstrikes on the Iran/Qatar gas field pushing oil up, strong dollar โ risk-off mode.
But on-chain remains bullish: - ETF inflow returned slightly after an outflow of $164M yesterday - Spot demand recovering, funding negative โ short crowded, could squeeze upside
Setup: Holding $69K is key support. Breaking up to $72K โ target $75K quickly.
What do you think, will BTC rebound strongly or continue to dip?