Ceasefire in the Middle East boosts Bitcoin rebound! Can BTC stabilize above the $100,000 mark?
With the easing of the situation in the Middle East, Bitcoin surged directly! Israel and Iran finally agreed to a ceasefire, and the market breathed a sigh of relief, with BTC jumping from $98,000 to $106,000, an 8% increase in just one day. Previously, due to the fighting, Bitcoin suffered a significant drop, but now with the ceasefire, funds are returning.
However, the market remains somewhat concerned. If the ceasefire is not stabilized and fighting resumes, Bitcoin might drop again. Currently, there are more bullish sentiments, and in the short term, it might continue to rise. The key resistance levels are at $108,000 and $111,000. If it can break through, there could be further gains, but if it drops, the $101,000 to $103,000 range is a support zone that needs to be closely monitored.
Overall, Bitcoin is particularly sensitive to international events right now. Any movement in the Middle East causes price fluctuations. In the short term, the ceasefire is a positive factor, but if tensions rise again, the market may quickly shift. Those looking to trade cryptocurrencies need to stay updated on the news, operate flexibly, and avoid being caught off guard by sudden price swings.
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