Following the news of a ceasefire between Iran and America, $BTC has reclaimed the $70k zone.

Currently, $BTC is trading near a daily resistance level. If it faces a rejection here, it is likely to drop back down to retest the $69k area or even lower levels.

In the event of a breakout, I would personally suggest waiting for the weekly candle close to confirm bullish momentum. Otherwise, this move could turn out to be a bull trap.

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BTC
BTCUSDT
72,177
+1.40%

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