Good afternoon. The Asian session is wrapping up, and the European session is taking over. I just glanced at last night’s market—something interesting indeed.
Last night, US stocks closed lower. Gold crashed 4% to 4148, and silver was even worse, down 5.8%. Logically, since the US and Iran conflict is intense and Brent crude is sitting above 105, gold should be rising—but instead it’s falling like this. This is textbook liquidity squeeze: first sell everything and convert into USD, and even $BTC didn’t escape; it slid all the way down to around 83000. As for altcoins—don’t even bother looking.
Don’t expect positive developments from the Middle East in the short term. Trump denied granting Iran sanctions exemptions. Iranian officials think they won’t be able to negotiate anything before the midterm elections in November. And the US aircraft carrier is still being deployed toward the Middle East. If oil prices can’t be brought down, inflation won’t cool off, and rate-cut expectations keep getting knocked down. For $BTC $ETH , that’s also not good news.
The only bright spot is still AI: Nvidia announced an additional $150 billion share buyback, and AMD had its target price pushed up to 720 by Bank of America, pushing it into the trillion-dollar club. The money isn’t disappearing—it’s just switching its “side” between tech stocks and the crypto market.
My personal view: if 83000 can’t hold, downside room will likely open further. Don’t rush to bottom-pick—wait for stabilization.
NFA DYOR
#比特币 #BTC #加密货币 #Web3 #Market analysis
Last night, US stocks closed lower. Gold crashed 4% to 4148, and silver was even worse, down 5.8%. Logically, since the US and Iran conflict is intense and Brent crude is sitting above 105, gold should be rising—but instead it’s falling like this. This is textbook liquidity squeeze: first sell everything and convert into USD, and even $BTC didn’t escape; it slid all the way down to around 83000. As for altcoins—don’t even bother looking.
Don’t expect positive developments from the Middle East in the short term. Trump denied granting Iran sanctions exemptions. Iranian officials think they won’t be able to negotiate anything before the midterm elections in November. And the US aircraft carrier is still being deployed toward the Middle East. If oil prices can’t be brought down, inflation won’t cool off, and rate-cut expectations keep getting knocked down. For $BTC $ETH , that’s also not good news.
The only bright spot is still AI: Nvidia announced an additional $150 billion share buyback, and AMD had its target price pushed up to 720 by Bank of America, pushing it into the trillion-dollar club. The money isn’t disappearing—it’s just switching its “side” between tech stocks and the crypto market.
My personal view: if 83000 can’t hold, downside room will likely open further. Don’t rush to bottom-pick—wait for stabilization.
NFA DYOR
#比特币 #BTC #加密货币 #Web3 #Market analysis