Easing geopolitical risks will drive a further rebound.

Political

Cryptocurrency

Summary:

The peace agreement reached between the United States and Iran has shown signs of easing tensions in the Middle East, significantly improving market risk sentiment and driving a rebound in cryptocurrencies such as Bitcoin.

BUY BTC-USDT

EXP

TRADING

65739.9

Entry Price

67500.0

62500.0

66000.0 +255.9 +0.39%

0.0

Pips

Flat

62500.0

Exit Price

65739.9

Entry Price

67500.0

Fundamentals

Over the past weekend, the United States and Iran announced a peace agreement, ending a four-month-long conflict. The two sides also plan to restore normal shipping in the Strait of Hormuz and lift the maritime blockade against Iranian ports after the agreement officially takes effect. With the easing of geopolitical tensions in the Middle East, market risk sentiment has improved significantly, oil prices have plummeted, and assets such as US stocks and gold have collectively surged.

Of course, as a typical risk asset, Bitcoin has also seen a considerable surge after a prolonged slump. Although the easing of tensions in the Middle East will not completely reverse the outlook for cryptocurrencies, they are still expected to receive continued support in the short term.

Technical aspects

Easing geopolitical risks will drive further rebound_1

Looking at the 4-hour chart, BTCUSD is in an overall downtrend, having fallen nearly 50% from its high. After breaking down in the short term, it failed to continue its decline, and the magnitude of the drop has narrowed, indicating a weakening of the bearish momentum. Subsequently, it rebounded quickly due to positive news and is expected to continue this momentum, potentially targeting the 70,000 level.

In terms of strategy, one can try to continue betting on a rebound, buying long near 65,000, with the first target set near 67,500 and a stop loss set below 63,000.

Trading advice

Trading direction: Long

Entry slots: 65,000

Target price: 67500

Stop-loss level: 62500

Downside support levels: 65000/60000

Upward resistance levels: 67600/70000

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Risk Disclosure

The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.

Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.

Recent Searches

Top Searches

Markets

Analysis

User

24/7

Economic Calendar

Education

Data