Today's Highlights:

1. Event Impact Analysis

Event occurred: On April 14th, a breakout triggered by a short squeeze, and the US-Iran ceasefire expectations diluted safe-haven demand. The market nature is more of a short squeeze than a reversal, with $75,000 as a hard resistance, and the validity of the $70,000 support has been tested.

Today's focus: The March PPI data released at 20:30 tonight. Last month's PPI exceeding expectations previously suppressed prices below $66,000. If inflation persistence is shown again tonight, it will suppress rate cut expectations and weaken the macro-driven rebound foundation.

Key tomorrow: French President Macron will deliver a speech at Paris Blockchain Week. This is the first time a current G7 leader has spoken at a digital asset event. Short-term sentiment may be boosted, but no substantial liquidity injection is expected.

Weekend variable: On April 22nd, there is a potential escalation window in US-Iran tensions, and geopolitical risk premiums will be re-included in pricing.

2. Positioning Advice

Currently caught between "short squeeze sentiment" and "macro suppression." Until the $75,000 level is firmly held, treat this as a rebound rather than a reversal. Long positions can set take-profit levels around $75,000 for partial profit-taking, and consider re-entering on dips below $71,500 if not broken. Short positions should wait for PPI data to confirm direction; if the data is bearish but the price resists decline, the short logic fails. Overall position control should be below half, as geopolitical risk premiums have not fully cleared, and any unilateral bets are not ideal in risk-reward terms. #WCTC交易赛瓜分800万USDT $BTC