Iran has kicked the ball back to Washington.
On October 11, the secretary of Iran’s Supreme National Security Council said the U.S. response to Iran’s latest proposal was “not sufficient.” The U.S. accepted some of the conditions, while the rest remained unclear. The door to negotiations hasn’t closed, but things haven’t moved forward either.
This kind of half-open, half-closed limbo is the most grueling. The risk premium won’t come down, and oil prices and safe-haven trades keep taking turns making an appearance. BTC is stuck near the upper end of its range, repeatedly wicking both ways. Longs using leverage, after just being flushed once, don’t dare add to their positions. Any breakout will depend on whether real spot buyers step in.
With this back-and-forth over the weekend, are you still holding your BTC longs? What’s your entry price?
$BTC $ETH $SOL
#比特币 #Geopolitics
On October 11, the secretary of Iran’s Supreme National Security Council said the U.S. response to Iran’s latest proposal was “not sufficient.” The U.S. accepted some of the conditions, while the rest remained unclear. The door to negotiations hasn’t closed, but things haven’t moved forward either.
This kind of half-open, half-closed limbo is the most grueling. The risk premium won’t come down, and oil prices and safe-haven trades keep taking turns making an appearance. BTC is stuck near the upper end of its range, repeatedly wicking both ways. Longs using leverage, after just being flushed once, don’t dare add to their positions. Any breakout will depend on whether real spot buyers step in.
With this back-and-forth over the weekend, are you still holding your BTC longs? What’s your entry price?
$BTC $ETH $SOL
#比特币 #Geopolitics