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I just saw the news about the US-Iran negotiations and the subsequent market reaction.
And that tells me the geopolitical tensions are still running high.
Because when tensions rise, investors often turn to safe-haven assets, but in this case, $BTC and $ETH are not reacting as expected.
That's why I'm leaning towards a bearish stance, at least in the short term.
Look at $BTC right now, it's trading below $71,000, with a 24-hour decrease of 2.65%.
And if this trend continues, I expect $ETH and other altcoins like $SOL and $AVAX to follow suit.
But here's the thing, if the US-Iran situation de-escalates, my thesis would be proven wrong.
What's your read on the current market situation, are you long or short on $BTC? 📈 #cryptocurrency #bitcoin #ethereum #trading $BTC $ETH $SOL