Yesterday, I analyzed that if Trump takes action, the market could rebound for a bit, but I didn’t expect a much bigger ceasefire agreement to come straight away.

The US-Iran ceasefire agreement has already been released, and today the crypto market and US stocks are both seeing a surge 💥.

Just one day ago, U.S. President Trump was still threatening: if Iran refuses the agreement, it will make Iran experience “hell on earth.”

However, as part of this temporary ceasefire agreement, Iran has clearly stated that it will never reopen the Strait of Hormuz.

News developments directly override the technical picture—lately, it’s important to pay more attention to news.

For us:

• If the US and Iran really do cease fire, the market could keep rising for several days, with the target around 75,000, or you could see a wave of a false breakout;

• If they ultimately fail to cease fire, the people who chased the price will be completely finished.

I suggest everyone: in this kind of extremely unclear situation, it’s still better to stay on the sidelines. If you bet on the wrong direction, it could lead to massive losses.

In this period, for short-term trading you can participate with a light position, but for swing trading you must be extremely cautious, always keeping a close eye on news!
#Gate广场四月发帖挑战 $BTC ‌