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Whenever Trump makes a speech, the US stock market, gold, and the crypto circle all drop sharply.
The fundamental reason is that yesterday the market rose despite the negative small non-farm payroll data.
It was also driven by the expectation that Trump might announce a ceasefire or some positive developments, which caused a significant rally.
Trump is talking nonsense—initially saying an agreement could be reached, but today he says there might be strikes on Iran, especially targeting oil, in the coming weeks.
Even if Trump personally wants to stop the war, his backers won't allow it.
Especially those wealthy Arab elites leading the white hats—if a ceasefire happens, Iran and the Middle East could become even more chaotic.
Tomorrow is Friday, and the US stock market will be closed, but the non-farm payroll data will still be released. Watch out for a black Friday.
Bitcoin needs to continue retracing to $60,000, fill the lower gap, and then rebound. Overall, a decent rebound is expected to start in the middle to late part of this month!
Fan group of Mr. Fang on TG 👉: