Some people say that last night's drop was caused by the feud between Musk and Trump?

I have always said that news is used to explain market movements; it does not truly dominate the market. Mature financial derivatives have their own inherent trends and are not influenced by news.

Usually, when a negative news item comes out, the market drops, but when the same negative news reappears, the market rises, and then the market ignores that news. In fact, news is just a reason for the trend.

Some people say that last night's drop was caused by the feud between Musk and Trump, but in reality, the drop in BTC has nothing to do with this.

On Sunday, I mentioned in the Pionex crypto finance talk show that this week would see a rise followed by a drop, with an upper target of 107,500 plus or minus 500 points, and a lower target of 100,500 plus or minus 500 points. Is it possible that on June 1, I knew they were going to have a feud? Clearly, it is not.

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