Looking at the 15-minute chart of Bitcoin, the Vegas channel has supported it three times already, and it still hasn't broken down effectively.

But this doesn't mean it's bullish; rather, I think the good news has been fully priced in, and the upcoming period will be dominated by bearish news, such as Japan raising interest rates, adjusted to 1%.
Although this meets expectations, rate hikes are real and tangible.
Today, there will also be the U.S. crude oil inventory data release. If inventories are below expectations, it will be bearish because it could lead to rising crude oil prices, which would cause Bitcoin and gold to fall.
However, I personally expect that during the critical period of U.S.-Iran negotiations, data showing inventories below expectations won't be released, or if falsified, the data will be made to look slightly better.
So, here is how I am preparing for the upcoming market:
First, if the data exceeds expectations, crude oil will fall or fluctuate sideways. Bitcoin and gold will rise, then use the residual momentum from the negotiations to boost market sentiment. Bitcoin will form a double top, and at that point, I will position for short positions.
The target price range will be around 68,000 to 69,000, not exceeding the 70,000 mark.
Second, if the data meets expectations, the market will continue to fluctuate for a while. After the fluctuation, if there are no new positive news, I will also try to set up short positions; specific levels will depend on the situation.
Third, in the short term, if Bitcoin drops back to around 64,500, I will attempt to set up long positions, but I will only risk around 1,000 points and won't be greedy.
Finally, a quick note: in recent days, Ethereum has shown a slightly stronger momentum. If you prefer to go long, you might prioritize Ethereum. #我的Gate交易时刻