Will BTC hit 80,000 this week? Iran pledges not to seek nuclear weapons
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1. Macro sentiment: Geopolitical risks cooling, reserve legislation resonates On the 24th local time, the Iranian president stated that they are prepared to assure the world that they do not seek nuclear weapons and are not seeking to create regional turmoil. This statement has greatly alleviated geopolitical risks. At the same time, the United States is accelerating the advancement of the national-level Bitcoin reserve legislation, the "ARMA Act," planning to accumulate 5% of the global circulating supply. The dual positive factors are resonating, significantly boosting confidence in the industry market. 2. Technical analysis: 4H short-term turns bullish, daily chart still under pressure The 4-hour price trend has turned upward; after a long lower shadow yesterday, buying increased and rebounded quickly. However, current incremental buying is insufficient, and on the daily chart, the MACD is in a bearish crossover and extending downward, with moving averages maintaining a bearish alignment. The price is also suppressed by the daily EMA30 (around 77,663). Essentially, the trend belongs to "weak recovery" under bullish control, with declining momentum to chase gains, and overall wait-and-see sentiment prevails. 3. Key levels: Focusing on the 78,000 watershed Analyst Adam pointed out that the 77,000 to 78,000 USDT range is the core battleground between bulls and bears. In the short-term, the key is whether it can consolidate and break through resistance: Support below (if pulled back): 76,000 USDT: Previous low support and a major psychological level, serving as the primary short-term defense area. 75,000 USDT: Strong round number and volume-supported level; if it falls below 74,500 USDT, bulls need to strictly stop losses. Resistance above (if rebounding): 78,000 USDT: The daily EMA30 runs near 77,663, a major resistance region recently. 79,000—80,000 USDT: If 78,000 is reclaimed, the market will challenge the key 80,000 level; holding above 79,500 USDT signals a trend reversal.
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