On Sunday, there were significant disagreements in the US-Iran negotiations, and the market suddenly plummeted.
Latest news indicates that the third round of US-Iran talks has concluded without reaching a consensus, and US Vice President Vance will return to the United States. The market responded with a sharp drop, with Bitcoin plunging from 73,700 USD to 71,200 USD, consolidating. I mentioned yesterday not to chase highs or sell lows; refer to the resistance zone at 73,500 and sell high. Those who followed the advice are now well-fed.
Currently, the negotiations are not over; just that both sides haven't achieved their desired results. There's a possibility that next week, a surprise agreement might be reached, which would be a big positive. So, at this point, do not directly chase short positions. Be bold and go long; catching a rebound is perfectly fine, with no need to look too far ahead.
Bitcoin: Refer to the 71,300-71,400 zone for long positions, target 72,800. Enter with a light position and reserve some for topping up.
Ethereum: Refer to the 2,205-2,225 zone for long positions, target 2,300. Enter with a light position and reserve some for topping up.
Wishing everyone a happy weekend and all the best. I am Xiao Wandong, with seven years in the crypto space, a professional analyst and reliable teacher, here to guide you all the way. Those who understand, understand. #Gate现货衍生品双双冲进全球前三
Latest news indicates that the third round of US-Iran talks has concluded without reaching a consensus, and US Vice President Vance will return to the United States. The market responded with a sharp drop, with Bitcoin plunging from 73,700 USD to 71,200 USD, consolidating. I mentioned yesterday not to chase highs or sell lows; refer to the resistance zone at 73,500 and sell high. Those who followed the advice are now well-fed.
Currently, the negotiations are not over; just that both sides haven't achieved their desired results. There's a possibility that next week, a surprise agreement might be reached, which would be a big positive. So, at this point, do not directly chase short positions. Be bold and go long; catching a rebound is perfectly fine, with no need to look too far ahead.
Bitcoin: Refer to the 71,300-71,400 zone for long positions, target 72,800. Enter with a light position and reserve some for topping up.
Ethereum: Refer to the 2,205-2,225 zone for long positions, target 2,300. Enter with a light position and reserve some for topping up.
Wishing everyone a happy weekend and all the best. I am Xiao Wandong, with seven years in the crypto space, a professional analyst and reliable teacher, here to guide you all the way. Those who understand, understand. #Gate现货衍生品双双冲进全球前三
