Major ceasefire is officially in place! The situation is easing, risk aversion is fading, and BTC and ETH rockets upward violently—taking off! Reminder: news-driven market fluctuations are extremely wild. If you’ve made profits, take them in batches and exit—don’t chase the rally and buy in. If you use high leverage, you must set stop-losses—watch out for a spike followed by a fast pullback that can quickly turn into a crash. #美伊谈判推迟 #Gate现货交易量增幅全球第一 #SpaceX市值超越微软跻身全球前五 $BTC $ETH

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Bitcoin opened the day from the intraday low of 62,272, initiating a recovery trend, with the price steadily climbing in a stepwise manner, continuing to surge in the afternoon to the intraday high of 63,894, touching the upper Bollinger band at 63,815, a strong resistance zone. After touching the high of 63,894 in the evening, the market quickly plunged, breaking through the middle Bollinger band at 63,595, with the lowest dip to 63,136, and the rebound momentum significantly weakening. Ethereum, relying on the 1,692 support level, steadily moved upward, reaching a daily high of 1,733, touching the upper Bollinger band at 1,735, a strong resistance. The bullish momentum peaked, with a large amount of previous selling pressure accumulated in the 1,730-1,735 range, hindering further price increase. In the evening, the price reached the 1,733 high, then broke through the middle Bollinger band at 1,722, with the lowest dip to 1,707. Bitcoin's current price is 63,859. In the morning, it experienced an increase in volume, pushing up to the upper Bollinger band at 63,815, but in the evening, the bulls took profit and quickly escaped, causing a sharp drop below the middle Bollinger band at 63,595, with the lowest point at 63,136. The market closed with a slight rebound from the oversold low, currently trading between the middle and lower bands. The KDJ indicator has all fallen into the low zone, showing only minor short-term rebound momentum without signs of stabilization or reversal; OBV volume indicator has weakened, with increasing volume on declines and decreasing volume on rebounds, indicating a significant retreat of chasing buying funds. Ethereum's current price is 1,732, with a daily high of 1,733 and a low of 1,692. Its movement is fully correlated with Bitcoin; after an early surge to the 1,735 upper Bollinger band and failing to continue upward, it synchronized with the drop in the evening, breaking below the middle Bollinger band at 1,722, with a low of 1,707. The market closed with a slight recovery from the lows, but the price remains under pressure below the middle band. The KDJ indicator is in the low zone with slight stagnation, showing only short-term weak recovery momentum; OBV remains below the average line with heavy selling pressure at high levels, and bullish support is insufficient. Market outlook: Bitcoin will attempt a slight rebound to test the 63,595 middle band resistance; Ethereum will test the 1,722 middle band resistance. However, bullish funds are insufficient, and after a stagnation, selling pressure re-emerges, causing the market to retest short-term supports. Bitcoin may decline to 63,374 and 63,136; if it breaks below 63,136, it could further retest 62,836. Ethereum may decline to 1,710 and 1,707; a confirmed break below 1,707 would lead to a retest of the 1,692 support. Today's rally is mainly a technical oversold correction. The larger cycle 4-hour chart remains in a downward correction channel, with ample selling pressure in the upper resistance zone, and the rebound does not meet reversal conditions. Bitcoin target around 62,500 from approximately 64,300. Ethereum target around 1,660 from approximately 1,750.