This week's Bitcoin market trend has been fluctuating following news related to the US and Iran, with developments continuously impacting the price.


On Tuesday, news emerged that the US and Iran planned to hold talks, and Bitcoin steadily moved higher in response.

By Wednesday, the situation took a sharp turn as the US took action again to strike Iran, causing the market to plummet sharply, with bulls suffering heavy losses.
At that time, the market generally felt that the bulls had no chance to turn things around.

However, on Thursday, the sentiment shifted again as the US and Iran reached a ceasefire agreement, and Bitcoin reversed from a low of 72,600 and rebounded back to around 74,000.

Currently, bearish sentiment is growing stronger, and the overall market remains dominated by bears.
But everyone must stay calm and avoid blindly shorting; patiently wait for key levels to enter the market.

Short-term resistance is at 74,400, with a stronger resistance zone around 75,300;
Short-term support is at 72,200, with effective support at 71,300.

Specific trading levels:

Buy near 72,200, add to long positions at 71,300, set stop-loss at 70,700, and split positions!
Target break above 73,400 to see 74,400-75,000.

Short at 75,000-75,300, with a 800-point stop-loss, target break above 74,200 to see 73,500 $BTC .

Ethereum long from 1,925-1,945, with a stop at 1,886, target break above 1,988 to see 2,055.

Short from 2,055-2,068, with a stop at 2,102, target break below 2,010 to see 1,970 $ETH .
BTC0.55%
ETH0.55%
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