Bitcoin is Positioning for ‘War is Ending’ Narrative Ahead of Trump’s Iran Speech
BeInCrypto
Bitcoin remains steady near $68,000 as traders cautiously price in a potential end to the Iran conflict ahead of a Trump speech.Summary
Bitcoin is trading near $68,000 as markets anticipate a speech from President Donald Trump regarding the Iran conflict. While a narrative of de-escalation is gaining traction, technical indicators like Cumulative Volume Delta and On-Balance Volume suggest that traders are selling into price strength rather than accumulating. Overall, the market appears to be cautiously positioning for the news without committing to a strong breakout, indicating a potential 'sell the news' scenario.
(Source：BeInCrypto)