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The Yimi negotiations are about to end, so is it a good sign that Bitcoin will continue to rise this week?

CN
沐长青翻仓大师
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22 days ago
AI summarizes in 5 seconds.

The Iranian-US negotiations are only "one step away" from reaching an agreement. Iran is engaging in dialogue with the United States in good faith, aiming to end the war. "When we are only one step away from reaching an agreement, the US side's demands are excessively high, constantly changing, and they threaten to implement a blockade without learning any lessons. Araghchi also stated, 'Goodwill breeds goodwill, hostility breeds hostility.'

Bitcoin experienced a significant pullback last night, dropping to around 70500, without falling below the 70,000 mark, and then saw a slight rise overnight, indicating that the trend has not established a one-sided movement and is still in a stage of oscillating upward.

Looking at the four-hour level, after reaching the upper track, the price showed consecutive declines, hitting the lower track support and stopping the decline with a bullish candle, indicating that the short-term bearish drop has concluded, preparing for a slow rise. Therefore, the intraday outlook remains bullish.

Focus on a bullish strategy in the range of 70500-70900 in batches, with the first target set at 72000 and the second target at 73500, with the points for reference only.

Follow the public account, the only way to relieve worries is through Jiang Wei, a treasure analyst with high emotional value, sharing trading education for free, bringing stability and clear guidance in the restless trading market, navigating through three rounds of bull and bear markets along with years of practical trading experience, specializing in naked K, trends, Dow theory, Gann, harmonic trading, Chan theory, wave theory, and other technical analyses, culminating in unique personal insights.

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