Geopolitical situations are all just a show, is BTC stopping its decline and making a big "V" move?

All along, BTC's trend has been completely led by Trump. In just three days this week, the market fluctuated back and forth with three waves of news, and the trend changed dramatically. On Tuesday, news came out that the US and Iran intended to hold talks, and BTC steadily and slowly rose; on Wednesday, news broke that the US had struck Iran again, and BTC plummeted, with the bulls suffering a major wipeout, at that time it seemed the bulls had basically lost all hope; as a result, on Thursday, the sentiment suddenly shifted, the US and Iran reached a ceasefire agreement, and BTC reversed from the low of 72,600 to a slight V-shape around 74,000.

Currently, the bearish sentiment continues to ferment, and overall the market still leans weak, but remember one thing: do not blindly chase short positions, buy less and watch more, and when the time comes, it’s crucial to act. The price is moving within a small range, without breaking out of the range, the bulls and bears are just guessing. The small resistance level for BTC is around 74,300-74,400, the major resistance is at 75,300, small support is at 72,200, and major support is at 71,300.

BTC trading advice: buy near 72,200, add positions at 71,300, defend at 70,700, target 73,400, break above to watch 74,400-75,000.

BTC trading advice: short at 75,050-75,300, defend with 100-200 points, target 74,200, if $BTC broken, look at 73,500.