The US-Iran negotiations have ended without results, just as expected beforehand, after all, the differences between them are irreconcilable.

What’s worth noting is that now the initiative is in Iran’s hands. There are traces of China in Pakistan’s involvement. The Chinese Ministry of Foreign Affairs has gone to North Korea, and the Fujian ship has been conducting ocean-going training. I looked into it, and it turns out there is actually a military base in the Middle East—those who understand know what that means.

Now, specifically, it looks like the follow-up won’t go toward the US. Uncertainty around oil and future capital will definitely increase. As a risk asset, Bitcoin’s sell-off under pressure is an inevitable result.

Next, Bitcoin also has a chance to touch 740. After that final needle prick, it will be tied off.

More than one person has already told me that there’s a weekly golden cross, that a bull market is coming. My bearish view is just a sign of ignorance. Opening a short is just plain foolish. I’ve been through three bull and bear cycles. Each time there’s a major-level shift, I know the characteristics and what’s happening. If you do technical backtesting to measure the future, you won’t be wrong. I can only advise you to stick to your own principles. It’s like simulated accounts versus live trading, military drills versus war—they’re completely different levels.

I also can’t guarantee that my view that Bitcoin will reach the 50s is definitely correct, and I can’t say that a golden cross and the bull market it supposedly signals is definitely wrong either. Just wait for practical verification. In any case, I’m still holding my short at 73043. When I finally get to the 50s, I’ll look back and talk about the logic behind my prediction.

Just like last August and September, I predicted a bear market. This year, only many people are just now realizing that my precise prediction of the trend was accurate.
$BTC ‌