Trump and Iran both announced a ceasefire, opening the Strait of Hormuz, with crude oil dropping 10%. Gold continues to edge higher, hovering around 4900, while the big coin surged strongly to above 78.

But over the weekend, Iran changed its mind and continued to block the Strait of Hormuz. Everything before that was fake news. The coin price continued to fall sharply, returning to the level near Friday’s starting rebound point.

You could say that the real driver of the ups and downs is “Old Trump.”

From the 1-hour K-line, after the price pushed up, there was a clear pullback. During the second retest, it can be seen that momentum was lacking. The price repeatedly met resistance at high levels, indicating that selling pressure above still remains, and the short-term market has entered a back-and-forth tug-of-war phase.
 The moving average system begins to flatten, or even slightly turn downward. During rebounds, the price is frequently pressured near the moving averages. Meanwhile, the Bollinger Bands are gradually tightening, showing that volatility is converging, and the market has entered a consolidation and buildup phase.

BTC trading suggestion: go long at 738-74100, defend at 800 points, target 752. Break through to see 758-762490201$BTC #Gate13周年现场直击