Bitcoin Surges as Trump Claims Imminent U.S.-Iran Deal
- Market Reaction: Bitcoin's price surged above $63,600, with the total crypto market cap reaching $2.18 trillion, up 2.68% from the previous day, reflecting investor optimism regarding Trump's announcement of an imminent U.S.-Iran peace deal, although overall market sentiment remains in the extreme fear zone.
- Liquidation Impact: Over $361 million in positions were liquidated in the past 24 hours, with short sellers losing $198.31 million, indicating a market reaction to the price rebound, although this scale of liquidation is not extraordinary given Bitcoin's recent volatility.
- Technical Analysis: Bitcoin is currently trading near $63,580, below key moving averages, with the 200-week SMA at $62,034; a sustained close below this level could significantly alter the market's technical landscape, suggesting ongoing selling pressure.
- Cautious Sentiment: Despite the price increase, investors are treating Trump's announcement with caution, as the Fear & Greed Index sits at 17, indicating skepticism about the potential deal, especially against the backdrop of high U.S. inflation and ongoing rate hike risks.
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Technical Analysis for CRV
Technical Sentiment Analysis for Curve DAO Token (CRV). As of , Curve DAO Token (CRV) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for CRV stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, CRV is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Curve DAO Token (CRV) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.123 | 0.158 | 0.194 | 0.23 | 0.266 | 0.301 | 0.337 |
| Fibonacci | 0.158 | 0.186 | 0.202 | 0.23 | 0.257 | 0.274 | 0.301 |
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