Hot topic: Israel and Iran suddenly announced a ceasefire, Bitcoin rebounded strongly, can it continue to rise?

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On June 24th, US President Trump announced a ceasefire between Israel and Iran, significantly alleviating market risk sentiment. The crypto market quickly responded, with Bitcoin briefly breaking through $106,000, surging over $6,000 in a single day, and market sentiment visibly warming up. However, there are still disagreements about whether this rally can be sustained.

@EasyEatsBodega:

The high point continues to move downward, and caution is still maintained. BTC needs to firmly stand above 106K to potentially launch a stronger rebound, otherwise it tends to retrace to 94-96K.

Source: https://x.com/EasyEatsBodega/status/1937281031939162423

@Bluntz_Capital:

BTC may have completed a standard ABC rebound structure, with short-term targets pointing to historical highs.

Source:https://x.com/Bluntz_Capital/status/1937251590534234571

@UltraGavin:

BTC symmetric ABC wave structure is complete, with the next target at 112K.

There is a 60% probability of starting a bear market at the Double Top of 112K, and a 40% probability of a five-wave move from 99K to 125K.

Source: https://x.com/UltraGavin/status/1937316336721625271

@CryptoPainter_X:

Spot-led rebound, with futures main force weakening. Once 107K is cleared, if there is no significant pullback, it may directly rush to 112K-113K; if there's a needle reversal, caution is needed for a short-term pullback to 102K. Personal preference is for a steady script: first retracement, then attack.

Source: https://x.com/CryptoPainter_X/status/1937331480885362941

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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