The negative impact of US non-farm payroll data has been fully priced in. Although the Federal Reserve has delayed interest rate cuts, expectations for a rate cut later this year still remain. The US dollar and Treasury yields are fluctuating at high levels. Additionally, one thing must be reminded to everyone: the global financial markets are welcoming a pivotal day!

Today, Tuesday, the final deadline for the US-Iran agreement announced by Trump has officially arrived, marking an unchangeable final point. On one side, the US is exerting maximum pressure, ready to take tough action if no agreement is reached; on the other side, Iran maintains a firm stance, and the standoff has entered a heated phase. This timing directly influences geopolitical tensions, oil prices, and cryptocurrency prices, causing all markets to fluctuate. In the next few hours, the trend could change at any moment.

The bullish engulfing pattern confirms that buying power is strengthening, but the presence of upper shadows indicates selling pressure around 71,000. The shrinking volume combined with rising prices shows a divergence, and the current upward move lacks strong confirmation.

BTC trading suggestions: short at 695-698, add to short at 71,000, defend at 714, target 674, break below to watch 670-665.

ETH trading suggestions: short at 2132-2140, add to short at 2180, defend at 2210, target 2067, break below to watch 2033.

Market conditions change rapidly and are unpredictable. Sometimes we must not be deceived by illusions in front of us. Don’t let the clouds block your vision, only then can we see the true picture behind the market. $BTC ‌$ETH ‌#Tether5000亿美元融资冲刺