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Iran peace agreement rumors circulated on Saturday, and Bitcoin rose from $63k over the weekend to $65,500 this morning.
This story is more important than the price itself.
Over the past three months, the biggest obstacle on risk assets has been geopolitical conflicts.
The obstacle has been removed.
Gold +2.7% approaching recent highs, DXY falling below 99.5, money flowing out of safe havens.
Whether BTC can absorb this wave of liquidity is the core issue this week.
Last week, until Sunday, the narrative was: bullish or a rebound.
But as always, after the rebound, it still needs to fall further and continue making new lows.
This week's narrative anchor: geopolitical risk receding.
If it holds above 64k, resistance levels are 68k and 71k.
If it cannot hold, support levels are 63.5k and 62k.
No rush, let the market move on its own.