Yesterday's fundamentals: U.S. Vice Minister Vance stated in an interview with Fox News that the U.S. has made significant progress in negotiations with Iran. When asked if there would be more negotiations, Vance said the ball is in Tehran's court. He added that the U.S. expects Iran to make progress in opening the Strait of Hormuz and warned that if Tehran does not do so, the negotiation situation will change. The news of the second round of talks also helped the market, which had collapsed after the first round over the weekend, return to normal.

Here are two viewpoints.

1. The contest over the Strait of Hormuz: this is a key point in the mid-term game between the U.S. and Iran; the Strait of Hormuz is one of the global energy switches; whoever can control it will hold a dominant advantage; currently, both the U.S. and Iran are increasing their stakes here, forming two shackles; it's truly disgusting, and the mid-term tug-of-war has already begun;

2. The Federal Reserve's interest rate cuts, inflation issues, European battlefield issues, U.S. debt problems, and trade barriers—all these issues are interconnected, affecting each other; they are difficult to resolve in the short term.

Last night, U.S. stocks opened slightly lower, but the technical chart showed a bullish pattern. A long position was entered near 714 with a target of 725, and a break above that could see 731. In the Asian session this morning, the market rose to around 748, just one step away from 754. If it breaks above 754, the trend may need to retest.

BTC trading advice: buy long at 730-734, stop-loss at 72200, target 736, and if broken, look for 755-762.