Pay close attention over today and tomorrow—there’s a high chance the crypto market will see a trend reversal!

From a fundamental perspective, tonight Federal Reserve Chair candidate Waller will face a hearing, and tomorrow the US-Iran ceasefire agreement will officially expire. The two major events coming one after another will directly influence global financial markets and can trigger volatility in price action at any time.

The US-Iran two-week ceasefire agreement runs out on the 22nd! Previously, in the first round of talks earlier this month in Islamabad, they simply failed to reach any result. Now, in the second round of peace negotiations, they’re right stuck at the most critical crossroads. Iran on its side has shown some flexibility—it says it could consider going to Pakistan to sit down and talk with the US—but the US side won’t budge. It keeps fixating on Iran’s port blockade and has even been accused of violating the ceasefire agreement. This is the biggest roadblock preventing negotiations from moving forward.

My view remains unchanged—I’m still bearish. This price rally is only a temporary rebound, very similar to the rebound pattern we saw earlier. Now that the rebound is entering its final phase, once the rebound ends, a sell-off will follow.

Yesterday, we looked for a rebound with a long position at the current price around 74. If the price breaks above 75.2, then we’ll look for 75.8-76.2. In the late night, the highest rebound only pulled back to around 76.5. At the moment, the overall market structure is still swinging around above 75.2, so the market still has a chance to break through again and rebound to the high point, but we need to wait for a second attempt at the top.

BTC trading recommendation: short 769-774. Defense: 78300. Target: 75000. If it breaks through, 743-734.

(Long entry at the current price; look for a rebound) ) Defense: 74700$BTC #比特币反弹