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#GateSquareAprilPostingChallenge Make a mid-term forecast. $BTC will inevitably go near 79,000.
Technical analysis: The weekly KDJ is currently only at 69. It's in a golden cross state, but hasn't even entered overbought territory. The Fibonacci mid-term trend indicates that it needs to touch around 79,000, and the monthly line has also stabilized. So it will inevitably go near 79,000. It may sound simple, but it actually is simple; one can judge it using a KDJ pattern and Fibonacci.
News: The United States and Iran are currently in a ceasefire state and are in negotiations. This negotiation is expected to take another week or two. Therefore, during this week or two, it will definitely be favorable, and it will slowly rebound. It will rebound to around 79,000. Will it go up or down afterward? That may be influenced by the negotiation results, so we won't analyze too far ahead; we'll just look for a short-term rebound to around 79,000. It should reach that around next week.