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4.8 Morning Market | $BTC
Today, Bitcoin has experienced significant volatility, briefly surging from around 67k to near 72k during the session. Currently, the price is fluctuating around 71,500, indicating that short-term market sentiment has been fully driven by news factors. #Gate广场四月发帖挑战
On the news front, the market is mainly reacting to changes in the Middle East situation. Previously, geopolitical risks increased, putting pressure on risk assets, but as ceasefire/humanitarian easing expectations emerged, BTC was quickly pushed higher, and short positions were heavily squeezed. This rally is clearly driven by news stimuli and short covering. #加密市场行情震荡
In terms of strategy, today we should not view this as a stable, one-sided bullish trend.
Watch the 72,000–72,500 resistance zone first, look for a pullback to around 70,500, then consider 69,500.
If the price firmly stays above 72,500, then consider continuing to look for higher levels. #国际油价走高
One sentence:
Today, Bitcoin's rise is driven by news, so expect high-level consolidation and avoid blindly chasing longs. #特朗普再下最后通牒