#创作者冲榜

Today’s Market Summary—The market is waiting for Trump’s next move; a pullback could be an opportunity to build positions.

Yesterday’s rally was so joyful, and today’s decline is so brutal. Bitcoin dropped southward in a single day, with a low of 69,150, now closing at 69,580 USD. Technically, on the daily chart, Bitcoin remains under the pressure of the 60-day moving average. On the weekly chart, the trend is also constrained by short-term moving averages and cannot advance further.

On the news front, the US and Iran are still exchanging bombings, and Trump’s promise of “not attacking Iran’s critical electric infrastructure within 5 days” is set to expire tomorrow noon. Let’s see how he will proceed.

As mentioned in previous articles, Trump gave a 5-day “grace period” not to bomb Iran’s electric infrastructure. Now that period is about to end. Are the US and Iran negotiating? How are those negotiations going? What will Trump do next? All of this will influence not only Bitcoin but also the nerves of the global financial markets. Let’s wait and see!

Currently, the market has not broken below the 68,000-74,000 support zone, and the recent pullback’s low point has moved higher. We believe the rebound is not over yet. In the short term, the outlook remains bullish, and the pullback could be an opportunity to build or add to positions.

Key levels for today:

BTC support at 68,800 Resistance at 72,000

ETH support at 2,100 Resistance at 2,200