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The situation between Iran and the U.S. has reversed again. The U.S. has temporarily postponed strike actions, and both sides have made progress in peace talks. U.S. stocks and the crypto market immediately rebounded.
Based on past patterns, the probability of repeated developments remains high, and the overall market is staying on the sidelines. In terms of trading strategy, it is recommended to remain cautious, closely watch the situation and changes on the chart, focus on short-term trades, and avoid blindly chasing rallies.
The overall market today is oscillating with a slightly stronger bias, and is currently in a repair phase in the short term.
For Bitcoin, resistance is at 640-657, and support is at 624-607.
For Ethereum, resistance is at 1700-1775, and support is at 1640-1605.
A sustained breakout could be a sign of the rebound continuing; if it meets resistance, the consolidation phase may continue. #我的Gate交易时刻