Very smart take. Sideways chop until shorts get rekβd. βπ»
At night, Trump officially announced the start of a military invasion of Iran, followed immediately by rocket strikes. Bitcoin reacted to this news with a 3% correction, delivering the price to the $63k level, where we are trading now. Even in the case of a military invasion, a strong pullback was not to be expected, since the entire market is already overloaded with shorts; itβs no longer profitable for the market itself to go much lower. I believe that this event will simply make the current sideways consolidation even longer; I don't expect a new local bottom right now.