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Signs of easing in the Middle East conflict, BTC bullish with wide fluctuations!
Trump TACOed, saying the war is basically over and the U.S. has won! Oil prices plummeted from $120 to around $88, with unpredictable international developments causing wild swings in oil prices, leaving people stunned!
BTC prices have rebounded again amid these bullish smoke screens, but the buying volume is not strong, while the selling volume is even weaker. Therefore, the price may rebound to around 71,000, or even above 72,000. Before March 17, there is a high probability of continued wide fluctuations, and the reversal window may be delayed until around March 17.
No matter how wide BTC prices fluctuate, it is still the fourth wave dead cat bounce on the weekly chart. As for the specific timing window for BTC's reversal, let's first watch the Federal Reserve interest rate meeting on March 17 and see how things unfold.