March 24 Crypto Market



Bullish bias, but definitely set stop losses. After US market close, crypto declined to the level from 2 days ago when Trump threatened to bomb Iran's power infrastructure, essentially wiping out yesterday's excessive optimism premium.

Sentiment is solid, and the news outlook ahead is mostly positive. Trump, due to inflation and the election cycle, will definitely want to end the war as soon as possible. Has he been negotiating with Iran? Likely yes, it's just a matter of who he's been talking to. More importantly, regardless of who represents Iran, they will choose to step down gracefully.
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