If we say that the expectations for shorting were from 69000-68000-67300, then the drop below 67000 is entirely caused by news factors. Many people are puzzled by the support level at 67300 and wonder why there’s no rebound at all. To prevent retail investors from dying in confusion, Tuso explains:

It’s because of a highly negative news report released this afternoon, which even has the potential to cause a black swan event. At 16:30 Beijing time on Tuesday, the U.S. issued six evacuation orders in four hours targeting the Middle East, requiring non-essential government personnel in Jordan, Bahrain, Iraq, Kuwait, Qatar, and the UAE to evacuate.

What does this news indicate? It shows that the conflict between the U.S., Israel, and Iran has not ended and may even escalate. As a result, the crypto market began digesting this extremely negative news, leading to the sharp decline.

This is why retail investors always suffer losses in the market—they can’t understand the news, analyze technicals, sentiment, or capital flows. Some knowledgeable people are making a fortune in this market, while others are constantly losing money.
#美伊局势影响