Geopolitical tensions are easing, and BTC is waiting for further volume breakout.

The US and Iran are expected to be the first to finalize the memorandum of understanding, with Pakistan acting as the external spokesperson, and both parties do not need to attend the negotiations in person. Subsequently, both sides will negotiate around the official final agreement, with a new round of talks tentatively scheduled to start on June 5th. The market remains cautiously optimistic about the prospects of these peace talks, as the easing of geopolitical tensions brings a turning point, directly affecting the trend of the cryptocurrency market.

On Monday morning, the market quickly shifted its pattern at opening, with mainstream fiat assets under pressure due to safe-haven attributes, falling back, while Bitcoin opened higher and strengthened, completing the shift in market strength.

From a technical perspective, the 4-hour moving average has turned upward, establishing a short-term bullish dominance. However, after a gap, technical retracement is often needed, making chasing high riskier. Currently, there is minor support at 762-764, which is both a pullback confirmation point after a breakout and the middle band of the 4-hour Bollinger Bands.

BTC trading suggestion: buy long at 764-767, with a 500-point stop; target 782, break through to look for 792.