The news that Iran and the U.S. will hold preparatory talks in Doha this afternoon has been confirmed, paving the way for an agreement to be signed on Friday to end the Middle East conflict. Market risk-averse sentiment has eased temporarily, providing short-term sentiment support for Bitcoin.



Based on the chart, Bitcoin has rebounded throughout the day from 63,650 to a peak of 65,996. It is currently consolidating near 65,700 at a high level, in a technical correction phase. Support around the middle Bollinger Band has been reinforced by the news, allowing the high-level consolidation pattern to continue.

It should be noted that this meeting is still in the preparatory stage, and there is uncertainty regarding how it will ultimately play out. This support is a sentiment-driven catalyst and will not change the current high-level technical correction structure. Going forward, the key remains the effectiveness of support near the middle Bollinger Band and whether the news will bring any new variables.
BTC0.56%
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