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Bitcoin's market today is unusually frustrating, with very little volatility, the market is dead silent, and those unaware might think it's a weekend trend, waiting for news to land before moving in a direction.
Previously, the market was originally planned to follow an equal lift pattern, targeting around 75,450, but the bulls lacked strength, and the high only reached about 73,770 before encountering resistance and falling back.
During the decline, the price directly broke below the key neckline at 71,450, and the hourly bullish structure weakened, taking down the support levels of the b
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GeniusTradersBoldlyVentureInto:
Hop in the car!🚗
U.S.-Iran negotiations fail and the market goes haywire! Where will Bitcoin and Ethereum go from here?
Over the weekend, the first formal U.S.-Iran negotiations took place, but no effective consensus was reached, making for an extremely unpleasant situation. The core disputes between the two sides are control over the Strait of Hormuz and Iran’s uranium enrichment issue. The U.S. demands touch Iran’s bottom line, but both sides also left room for further talks afterward. After that, the U.S. blocked the strait and threatened to use force, and Iran also said it was prepared to respond, directly
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Bitcoin and Iran talks collapse, Bitcoin floods
Bitcoin has recently continued to reach new highs but all have pulled back after surging, with clear divergence in the top trend. The new high of 73,799 closed as a evening star, directly falling back into the flag pattern range.
$BTC Currently, the price is stable at support below the 71,445 flag pattern, short-term stopping the decline but the downward structure is not yet complete, and there is no clear bottom signal from a pin bar recovery.
During the day, it is highly likely to fluctuate sideways in a small range of 71,445-72,281.
Only afte
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Bitcoin hits a new high again, but every rise is quite painful. It’s not far from the previous high, so I don’t dare to push for a big move. This is mainly because there are more variables outside, and the funds aren’t that crazy. I can only take one step at a time, looking back after each step.
At the moment, Bitcoin has broken through the consolidation range, but afterward it has retraced this resistance level twice. Now it depends on whether this resistance level can hold.
If it can hold—if it can stand firm—then keep looking upward, with the target directly at this new high: 74443.
If it c
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YaoQianshuA:
This morning I woke up to see a big drop, and all my shorts are gone, so things aren't looking very good.
Although Bitcoin has hit a new high again, it's just a false move upward, a fake breakout of the spike, and the candlestick body hasn't firmly settled above the previous high of 72,876. This point must be especially alert. Especially around 72,700, three consecutive candlesticks have been poking upward but have never closed above the 72,876 resistance level. It is highly likely to form a treacherous shape, and on the hourly level, a correction is likely to occur.
Currently, as long as Bitcoin retraces without falling below 71,719, and does not fall back into the wedge pattern, there won't be a
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Is the reputation of the yellow-haired guy so bad that even sharing bikes with us is difficult?
While announcing a two-week temporary ceasefire with Iran, Israel has explicitly stated that the ceasefire does not include Lebanon and continues to pressure Iran to open the Strait of Hormuz. Iran also does not hold back, not only indicating that closing the strait is a possibility but also reopening the strait on the first day of the ceasefire after Israel bombed Lebanon again. The back-and-forth of the geopolitical situation adds a lot of uncertainty to the market.
More importantly, the lates
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The Strait of Hormuz is closed again, and the ceasefire agreement could be void at any time? Chuanzi: What I said yesterday has nothing to do with today.
After Bitcoin hit a new high, it formed a double top pattern with the previous high, then started to pull back and made timely adjustments to set up short positions at the current price. The only regret is that this pullback was not very large.
After Bitcoin first broke below the flag pattern, it tried to rebound and break through again, but failed. It continued to pull back and formed a bearish engulfing pattern. I initially thought the decl
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Is the U.S.-Iran situation temporarily cooling down, driving a rebound in Bitcoin?
Early morning international news brought a key development: the U.S. and Iran reached a two-week temporary ceasefire agreement. The tense geopolitical conflict in the Middle East has been put on hold for the time being, regional tensions have eased, and maritime routes have resumed safe passage. The cooling of the situation directly led to changes in market performance—U.S. stock index Nasdaq soared, crude oil prices saw a sharp drop. Under the stimulus of this favorable news, Bitcoin prices recovered in step an
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Did Trump throw the bombs originally intended for Iran into the crypto market?
Bitcoin started a strong upward trend early this morning, and the overall market trend is becoming clearer. Last night, there was a pullback, with the price stabilizing around 67,700. This level coincides with the previous shooting star high point support, and after stopping the decline, it began to rebound.
Subsequently, the market continued to strengthen, successfully breaking through the 69,159 resistance level, continuously pushing higher to reach a new high of 72,773. The trend has already shifted away from a s
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Currently, Bitcoin's price is in a correction after a rally.
The key support level is at 68,254. Previous pullbacks did not break below this level; instead, a strong hammer candlestick formed. This signals that buy orders below are very aggressive. Although the bears are trying hard to push the price down, they can't succeed, and ultimately the bulls pushed it back up, indicating a strong desire for a bullish reversal.
Subsequently, the price rebounded to 69,159 but couldn't break through, forming a shooting star candlestick. This indicates that there is also significant resistance above. 69
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Bitcoin Ethereum multiple-heads failed to rebound, is it a pullback or a complete dispersal?
Yesterday, Bitcoin tried twice to break through the 70300 high but failed both times. The last attempt, although reaching higher, left two long upper shadows with double pin bars at the top, indicating heavy selling pressure above. Subsequently, the price not only pulled back but also broke below the key support at 68811, meaning the previously hard-won bullish position around 69500 has been broken.
$BTC Although there was a rebound afterward, it failed to regain lost ground and instead formed an isol
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A good mindset, or not, directly affects the result of what you do. Only if you can stay calm, hold your nerve, and have patience at the end can you obtain the gains you want.
Many things actually leave clues long before; as for right or wrong and your choices, it ultimately still depends on how you judge for yourself.
$BTC Yesterday, we gave a hint: short the big pie above 70,000. The target was 68260. Now, regardless of the entry position or the take-profit level, everything has been fulfilled precisely. Brothers who kept up with the pace can now cash it in with peace of mind.
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Currently, Bitcoin is entirely driven by news sentiment, making trading particularly complicated. If you want to go long, you're hesitant to chase; if you want to go short, you're worried about sudden reversals from US-Iran news. Negotiations are not going smoothly, and attacks are not being executed properly. The market's oscillations make it hard to take action. Brothers who haven't opened positions yet can observe first; aggressive traders can consider small positions based on the situation.
This wave of Bitcoin's rise has directly broken through the previous high, almost without looking ba
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Bull and bear trend completely reversed, is a bull return?
This weekend's market initially played a fake dip, breaking below the trendline and then quickly bouncing back, firmly holding the bottom line at 66,225-66,465, and then hitting a new high. It looks like the trend has reversed from bullish to bearish or vice versa. The market is naturally nervous over the weekend—either dead calm or jumping around—so don’t blindly chase highs out of impulse.
Currently, the market feels a bit bloated. The price surged to around 69,321 with huge volume, but the price didn’t go higher, which suggests a tr
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YaoQianshuA:
It seems things aren’t looking good. Which possibility is more likely, though—the trend is too unclear to read.
Bitcoin is currently holding a strong support level at 65,500. Multiple attempts to test below 66,000 have failed, and each time it reaches 65,500, it bounces back. Yesterday, it tested again and rebounded, but the rebound was weak—just a false breakout below the flag pattern without reclaiming the shape, leading to a pullback. Now, it’s heading back to test 65,500.
If this rebound still cannot break through the previous high of 67,405, then 65,500 is likely to be lost. After all, the previous rebounds have been progressively lower, and the support is weakening with each test. Once it breaks b
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Bitcoin was originally on a good upward trend, so how did it suddenly plummet? The core reason is the speech by the yellow-haired guy this morning. As soon as he spoke, regardless of whether the market was rising or falling, the trend was completely disrupted.
Bitcoin attempted twice to break through the key level of 69,326 but failed both times, also forming a double-top pattern. It then started a slight pullback, breaking below the support at 68,545. However, at that time, the yellow-haired guy hadn't spoken yet; it was just a minor retracement followed by a rebound, and it didn't rise back
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Looking at the W-structure of Bitcoin's recent rebound from 64,936, 68,146, 65,940, and 69,288, the move has basically played out. The target price at point D around 69,321 has just been hit, and the hourly rebound is nearly complete. Currently, it is testing the upper trendline of the flag pattern. If it doesn't break below, a breakthrough of the previous high at 69,321 is needed to continue the upward push toward 70,618.
If it breaks below the upper trendline of the flag, it will test the neckline at 67,534. Holding above that level would mean sideways consolidation within the range; if it b
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