Bitcoin's descending triangle convergence signals a potential trend reversal, is a storm brewing?

The US-Iran diplomatic negotiations are completely stalled, with communication channels closed face-to-face. According to reports, Trump canceled the special envoy’s trip to Pakistan and said, "If Iran wants to reach an agreement, they should make the first call," directly leading to the failure of this round of diplomatic mediation. Although Iran’s foreign minister continues to shuttle between Pakistan, Oman, and Russia seeking communication, the core disagreements between the two sides are difficult to bridge, and trust cracks cannot be repaired in the short term.

This Thursday will be the Federal Reserve’s interest rate decision, and it could also be the last meeting with Powell as Fed Chair. Future monetary policy may shift in some direction. Before the Fed meeting, Bitcoin is likely to remain in a volatile and slightly weak trend, but as the Fed meeting approaches, it’s normal for the market to move ahead of the event.

Market fluctuations are rapid; plan your trades, trade your plans. When Bitcoin’s price begins to gradually converge, it indicates that a trend reversal is getting closer. Now is the calm before the storm. The situation between the US and Iran and the upcoming Fed rate decision are both stirring the market for Bitcoin.

BTC trading suggestion: buy at 753-757, stop loss at 800 points, target 778, break above to see 787

ETH trading suggestion: buy at 2208-2226, stop loss at 40 points, target 2322, break above to see 2350