Tuesday, tonight is the deadline for the US-Iran ceasefire negotiations. Will the market see a turning point?

At 1 a.m., Trump blasted Iran with aggressive rhetoric, claiming that the entire Iran could be "eliminated overnight," sending a message to the outside world that if negotiations fail, war could break out at any time. The strategy of brinkmanship and negotiations has been repeatedly successful, and he can also manipulate the market by drawing K-lines and harvesting profits at any time—truly a win-win situation!

However, given that previous attempts mostly resulted in continued standoff, and Iran is not a sheep to be slaughtered, the bearish momentum has caused Bitcoin to rise against the trend. I can only say that besides tricking people into buying in, I can't think of any other reason. Ending the war in the short term seems difficult; we will watch and see.

Currently, Bitcoin is testing the 70,300 support zone for a pullback. The four-hour support level is around 68,000. As long as this level holds, the market remains in a sideways to slightly bullish trend. For today’s adjustment, consider going long first and then short. Look for opportunities around 68,300-68,600, with a target of 70,500. If not broken, consider reversing to a short position.