Israel eventually retaliated against Iran, with reports that Israeli missiles hit Iranian facilities, but Iran ultimately denied the claim.
Iran insisted that no facilities were damaged and said its air defense system shot down several drones and that it had not been hit by missiles, a response interpreted as a de-escalation of the conflict.
Yesterday, Tangren said: Once the powder keg is ignited, it will evolve into open war, and the consequences will go far beyond the borders of the two countries, and may trigger a series of events and unexpected consequences with catastrophic effects.
Therefore, the Tang people believe that from the perspective of interests, Iran, Israel and the United States should not want the situation to escalate. The escalation of the war is not in the interests of the three parties, and it will allow other countries who are just watching the show to gain an advantage.
If the war expands indefinitely and develops to a very widespread and extreme level, a large amount of capital will flee the country to seek safe havens, and gold and bitcoin will be the first choice for many rational investors.
Precisely because of the Israel-Iran incident, Bitcoin recovered most of its 24-hour gains in just half a day, with the price returning from 60,000 to around 65,000, a full 5,000-point increase.
Even though there is a sharp rise, we can see that the rebound still seems to lack momentum, and the bottom of 60,000 has been tested four times in a row without being broken, which shows that this is a key support position. We can also understand that this should be the short-term bottom.
The halving will officially begin tomorrow. Some people predict that there will be a sharp rise after the halving, and the bull market will officially soar. Others say that Bitcoin will continue to fall after the halving.
How will it go? No one can give a clear answer to this, but Tangren said that the short-term price bottom is 58,900. If it continues to fall after the halving, 58,900 is a key position. Once lost, it may cause the market to fall into greater panic.
Will the above situation occur? Tangren believes that it is not that easy to achieve, because the uncertainty of whether, when and how much the interest rate will be cut due to inflation data still exists.
After three days of net outflows from ETFs, inflows seemed to recover yesterday, with Coinbase Institutional writing that the cryptocurrency "pie" is getting bigger and bigger.
Since its establishment, the ETF has brought US$12 billion in new capital flows to the market and now holds US$60 billion worth of Bitcoin. Therefore, the Bitcoin spot ETF has become the fastest growing ETF in history.
With the arrival of the fourth halving, the block reward of Bitcoin will drop from 6.25 to 3.125 after this halving. Each halving is considered an important factor in spawning a bull market in the cryptocurrency circle.
This time, due to ETFs, the market has already started before the halving, and the scenario after the halving is likely to be different from the past. Later, as the macro external environment improves, ETF fund inflows return to normal, and the outbreak of this bull market will become unparalleled.
In addition, after the Hong Kong ETF was approved, the real funds have not yet come in. The last time the US ETF was approved, it took a while for the market to rise. If Tangren makes a bold prediction, the probability is: it is expected to stabilize in May, set sail from June to September, and then rise to between 100,000 and 120,000, and finally reach a height that we can't imagine.
If it is really as Tangren expected, looking back at the current price, it will not be so high, but it is a very cost-effective entry opportunity.
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