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Is it possible to say that 7.83 is the top of Bitcoin $BTC ? No! Can we be sure there will definitely be a new high? Same answer—no!
On the major resistance zone, after the daily chart broke through 76 and then fell back, and with three days of closing without breaking above it, taking a more aggressive approach with stop-loss short positions is not a big problem!
As for the US-Iran negotiations, there are too many people shorting; these factors should have a lower priority than the daily closing feedback. Only when there is controversy in the market will there be driving force.
#BTC