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The Iran-U.S. agreement continues to be clouded with doubts, and Bitcoin still has room to break lower
The situation in the Middle East has suddenly become tense again. The latest news reports that Iran launched precise missile strikes against U.S. military bases inside Kuwait. This retaliatory action directly heightened geopolitical risk sentiment and caused the market to diverge, with BTC, crude oil, gold, and silver showing completely different upward and downward trends.
Don't rush to buy the rebound from oversold conditions; there are many trapped positions above. Focus on resistance at 687 and 692, support at 637 and 624, Ethereum resistance at 1924 and 1944, with support below at 1790.
BTC trading suggestion: short at 681-685, stop-loss at 694, target 661, if broken then look $BTC at 650-637.