Trump published a post stating that he is postponing strikes on Iran's energy sector due to progress in negotiations (Iran has already denied the existence of progress, as well as the negotiations themselves 🤦♂️).
All risky assets reacted with an increase.
A huge volume was poured into Bitcoin, but there is no confirmation in the open interest of buyer demand - mostly the movement is due to closing shorts. Now it is important to see market support with an increase in OI.
But it seems to me that after the rebound, the price may also be brought back down. Overall, I see no reason to jump into longs, especially since the price remains sideways in the medium term.
However, the price broke through the reversal point of 69500 that I mentioned in the morning, a return back below it will be a bearish sign.