U.S.-Iran talks collapse, turning dreams into dust—where is the bottom for Bitcoin?

On Sunday morning, the key five rounds of U.S.-Iran negotiations ended, lasting 21 hours, but were declared broken because neither side reached a consensus! As a result, crude oil rose, while cryptocurrencies and gold came under pressure and retreated. The earlier post said that news catalysts driving Bitcoin higher would be more, but the U.S.-Iran issue will not end that quickly in the short term. In reality, insufficient liquidity cannot support the continuation of the rally—be cautious when doing so.

BTC
The four-hour chart sees a death cross forming on increased volume, confirming the downtrend. The daily chart shows dark cloud cover, indicating a move lower to fill the gap below. In the short term, watch for rebound pressure at 7200. If it cannot stabilize above this level, it means the rebound lacks strength and the selloff will continue. A volume break above 7200 can be used to chase longs on the right side, targeting 7290-7370. If it continues pulling back, only if it breaks below 7120 and the retest pressure increases will the downside follow-through intensify.

Around the 7200-7240 range, with defense at 7320; the target is a breakdown to 7120-7040, then look lower to 6870.

ETH
Around the 2233-2256 range, with defense at 2293; the target is a breakdown to 2205-2172, then look lower to 2110#美伊停火协议谈判再生变故 $BTC