Bitcoin rebounds sharply as progress is made in US-Iran peace talks.

Following news of progress in US-Iran peace talks, risk assets rebounded. Cryptocurrencies also rose, with Bitcoin rebounding to around 77,300 and ETH to around 2,145, both reaching their resistance levels. However, this news-driven market movement is not necessarily sustainable. It often returns to fundamentals after digestion. Given high inflation in the US and the impossibility of interest rate cuts, it will be difficult for risk assets to break through resistance levels. The resistance for Bitcoin remains in the 78,000-78,500 range. Aggressive traders can consider shorting around 77,000, adding to the position near 78,000, with a stop-loss at 78,600. Conservative traders can consider shorting again around 78,000, targeting 75,000. The same logic applies to ETH; resistance is around 2,150. Consider shorting at this level, with a stop-loss at 2,200 and a target around 2,000. For professional guidance, please see my profile on my homepage.