Post by Augustine Chiagozie (@pabloexchange)

↗️ Market Overview

BTC: $65,513

ETH: $1,716

Fear and Greed Index: 20 (Extreme Fear)

BTC Dominance: 59.31%

🚬 We were moving pretty confidently and geometrically perfectly within the ascending channel. A breakdown and subsequent drop were practically just around the corner. But then, completely out of nowhere, Trump announced a peace deal—and this time, it seems it’s neither a joke nor another cheap manipulation.

❗️ And as is the custom in this cycle, technical analysis always loses to fundamentals. Moreover, the resolution of the conflict with Iran and the stabilization of the Strait of Hormuz is a massive, landmark event for the entire world. Oil prices are already reacting, though quite modestly for now.

Even though this US-Iran truce completely threw a wrench into my trading plans, I am genuinely glad it happened. I truly hope this peace turns out to be long-lasting and productive. And I hope that the de-escalation around Iran will serve as a foundation for peaceful negotiations in Ukraine as well.

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