MARKET UPDATE- 👀
Bitcoin gave a V-shaped recovery yesterday with the news (again) that US/ Iran are close to a deal. Honestly, this really manipulates the markets and until there is confirmation of a deal from both sides, we really should keep an open mind. BTC has reclaimed $76.2k, which means it is back inside the previously choppy range, and is also now consolidating above $76.6k (Prev Week Low).
The resistance for BTC is just above at $77.4k (Weekly Open) which we already saw a rejection from on a retest last night. Clear $77.4k and $77.7k (Monday High) and BTC will probably go on to fill the $79.1k CME gap. However, for the reasons mentioned above, we have to be open to a full retracement of last night's move if negative news develops.
#TrumpSaysIranDealLargelyNegotiated #CryptoDawar #Genius #Plume #Write2Earn