#BTC Bitcoin's progression on the Daily timeframe has been promising, enabling price to maintain itself above the Double Bottom formation top of ~$73000 (blue) Bitcoin is as a result positioned for a positive Weekly Close Still, a Weekly Close just like this could precede a post-breakout retest into ~$73000 to attempt a full confirmation of the breakout However at the moment, it is the upcoming Weekly Close that will be most important to watch for After all, the last time price was at these prices in March, Bitcoin ended up producing an upside wick, which is why the Weekly Close is worth monitoring $BTC #Crypto #Bitcoin

Iranian President Masoud Pezeshkian recently stated that China, which was expected to provide significant financing to Iran, is not delivering on that front. In his words "China is supposed to provide a lot of financing now. Well, it's not happening. It's not as simple as you say, 'Let whoever wants to finance go ahead and do it.'" This appears to reflect growing frustration in Tehran amid Iran's severe economic pressures, including declining oil revenues, capital flight, high inflation, and the impact of U.S. sanctions under the current administration. China remains Iran's primary buyer of oil (taking over 80% of exports), but recent reports indicate a slowdown: Iran's oil export values have dropped (e.g., nominal exports fell ~10% in the first half of the Iranian fiscal year starting March 2025), with steeper discounts offered to Chinese buyers (around $11–12 per barrel below benchmarks). This reduces net income significantly. There's no evidence of outright cessation of oil purchases or "sending money," but rather reduced volumes, delayed payments, or hesitancy on promised investments/financing possibly due to heightened U.S. pressure, sanctions risks on Chinese entities, or broader geopolitical caution.This comes against a backdrop of:Iran's economy facing capital outflows and uncertainty. Past high-profile engagements (e.g., Pezeshkian's 2025 visit to China and SCO summit pushes for non-dollar trade). No public confirmation from Chinese officials of a full stop in financial flows, but reports highlight constraints on Chinese investment in Iran due to sanctions.