The market is waiting for news to settle, is Bitcoin looking for a clear direction?

News of the US and Iran heading toward negotiations is spreading more and more, and everyone's risk aversion has eased; the Federal Reserve has also signaled a hawkish stance, meaning high interest rates may need to stay for a while longer.

Where will the price go in the future? It all depends on two things: first, what kind of deal can US and Iran negotiate; second, the US inflation situation and the Federal Reserve's policy direction.

Yesterday, Bitcoin was expected to rebound from around 732, with the lowest reaching about 734. The market then moved into a range between 736-738, with the target rising to a high of 748 and extending up to 754. Currently, the price is hovering around 748, with 758 becoming a key resistance level. As long as the 1-hour candlestick stays above 75285, the small resistance at 758 cannot hold, and a new high is likely.

BTC trading suggestion: buy between 74,000-74,400, with a stop at 73,400, aiming for a breakout above 75,300 toward 75,800-76,400.

BTC trading suggestion: short between 76,300-76,700, with a stop at 77,700, targeting a breakdown below 74,500 toward 73,700-73,000.