Happy holidays to all the big friends! Wishing everyone a childlike innocence every day, carefree and worry-free.

Recently, the market has been repeatedly digesting and speculating on the US-Iran negotiations. The latest news indicates that both sides have basically reached an agreement on the understanding document, with a 60-day ceasefire and gradual opening of the Strait of Hormuz. However, the second phase of the nuclear issue still has uncertainties, and the passage method through the Strait of Hormuz is also subject to further discussion, so sentiment can change quickly.

BTC undergoes a major purge, reflecting the diverse reactions of all beings. From last week’s drop from 78 to around 72.4, it kept falling, causing countless people to be anxious and even cut losses at low levels; the recovery from 73-74 lasted a few days, but it still couldn’t break the range—rising or falling, it’s all about the trend, not just watching the market. It’s like a weather vane, swaying with the wind. As traders, we need to be like a pine tree, holding firm and not relaxing! Otherwise, we’ll be harvested by the market at any time.

Now, we need to focus on two points. Many people think about chasing short positions, but I personally don’t recommend it. It’s easier to buy at the bottom. Watch for support at 726; if it breaks, then we can go long below. If 726 holds, it’s still possible to see sideways movement.

BTC trading suggestion: buy at 713-718, defend at 703, target 729, and look for a breakout $BTC to 743-753.