Yesterday from daytime to evening through the late period, Bitcoin continued the rebound sentiment brought by the “ceasefire extension,” reaching a high of 78546. But above 78500, there is still clear sell pressure, so the price couldn’t break through further. Now the price is stuck in the 78300-78500 range—neither able to push higher nor fall. However, on the 1-hour timeframe, the price is still holding steadily above all short-term moving averages, and the medium-term structure remains bullish.

$BTC Bitcoin: Pull back and absorb around 77500-78000, target 790

Today’s ceasefire negotiation news is still the biggest short-term variable. If it goes through, it could push toward 80000; if talks fail, there’s a high probability of a pullback to 75000-76000.
#美伊二轮谈判进展