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Something very bizarre just happened
The Jerusalem Post claimed the UAE struck Iran. And not any target, but a desalination plant
If true (which it isn't), Iran may decide to retaliate, and may also target an Emirati desalination plant
Gulf nations depend on these desalination plants for their supply of fresh water
A UAE official just denied those claims, But the question remains:
Why did the Jerusalem Post make such an outlandish claim without verifying?
Claims like this are what could turn this war into a regional war. And only one country benefits from this...
There's been a lot of talk in recent days of Gulf nations joining the war on Iran
Today, news outlets began claiming that the lines was crossed and the UAE bombed Iran, specifically a desalination plant (which would be wild)
Thankfully, the UAE has just denied these claims
I hope Gulf nations show restraint and do not get dragged into this war
Things keep getting worse as the war drags on...
$BTC
Just remember: if the weekend shows more bearish structure than bullish, the following week often continues to the downside.
If price pumps over the weekend, those moves are usually quickly retraced. (We are not pumping).
If the CME gap gets filled and holds as resistance, 62–65K could be the next target.
I analyzed 18 weekends, this is what I found:
9/18 pumped - 50%
4/18 moved sideways - 22.22%
5/18 dumped - 27.78%
Nearly every weekend pump was retraced in 3-5 days.
However.... every single time $BTC dumped over the weekend, it lead to further downside.
$BTC 1D
My only counter point to this is volume is very low here. We could see a much larger bear flag formation - similar to Jan - May 2022.
This means we could see another bounce and slight run to 75k area - however I still remain macro bearish & targeting 52k.
$BTC 1D
Making a follow-up on the original post.
Excellent fakeout into HTF resistance with MACD/RSI & volume supporting the move.
Very predictable as we were expecting a breakdown & retest to continue lower to 52k.
$BTC 1D
My only counter point to this is volume is very low here. We could see a much larger bear flag formation - similar to Jan - May 2022.
This means we could see another bounce and slight run to 75k area - however I still remain macro bearish & targeting 52k.