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#GateSquareAprilPostingChallenge Make a medium-term estimate. $BTC It will inevitably approach 79,000.
Technical analysis: The weekly KDJ is currently only at 69. This is in a golden cross condition, but it has not yet entered the overbought region. The Fibonacci medium-term trend indicates that the price needs to touch around 79,000, and the monthly line has also stabilized. So, it will inevitably approach 79,000. It may sound simple, but it is actually simple; someone can evaluate it using the KDJ pattern and Fibonacci.
News: The United States and Iran are currently in a ceasefire and negotiations. These negotiations are expected to last another week or two. Therefore, during this one or two weeks, it will definitely be profitable, and the price will gradually rebound. The price will rebound to around 79,000. Will it go up or down after that? It may be influenced by the negotiation results, so we will not analyze too far ahead; we are only looking for a short-term rebound to around 79,000. It should reach that around next week.