Late-night breaking news releases—could this be the real culprit behind Bitcoin's plunge?

Yesterday, Israel and Lebanon held talks in the U.S., and early this morning, U.S. officials announced: the U.S. government has halted sanctions on Iran's offshore oil, which was later confirmed by U.S. media reports. Over 20 commercial ships have passed through the Strait of Hormuz, opening up shipping routes, causing crude oil prices to plummet simultaneously. Gold, due to its safe-haven properties, became the main refuge, soaring sharply!

At the same time, the Federal Reserve's April interest rate decision remained unchanged at 99.5%, and Senator Goolsby further worsened the situation, stating: "26 years of inflation driven by high oil prices means rate cuts might not be considered until 2027." Institutions betting on rate cuts for 26 years have been reducing their Bitcoin holdings.

This round of stage rally of 7,600 points, based on on-chain data, shows relatively low real-time inflow, with prices more driven by news sentiment, artificially inflated. The 7,600 resistance level has heavy selling pressure, which most traders see as the end of profit-taking. It has been repeatedly mentioned before to short in batches between 7,450 and 7,600. The market trend has also confirmed this, currently with a floating profit of over 2,000 points. Those chasing the rally can only learn from experience now.

Speaking of Ethereum, its trend follows Bitcoin but is noticeably weaker. Yesterday, the key point at 2,400 was tested, with a short position above that, and the lowest dropped below 2,300. How many traders followed along can still enjoy some gains.