Trump's extension of the US-Iran ceasefire agreement has directly given a boost to the market, which was on the verge of cooling down. Bitcoin quickly recaptured the $78,000 level, once again proving that it now behaves more like a sensitive global macro asset rather than just a safe-haven tool. The current "peace dividend" is transforming into market risk appetite. However, it is important to note that as negotiations progress on the 24th, the market may enter a phase of "good news is exhausted and turns into bad news," with the risks of chasing gains at high levels accumulating.

BTC-0.09%
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