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You can see that after midnight, Bitcoin and Ethereum have entered a relatively strong upward momentum. The market quickly surged after a period of consolidation, with the most direct catalyst coming from the easing of the Middle East situation. Trump announced a pause on further military strikes against Iran for the next two weeks, which temporarily eased geopolitical concerns. Risk appetite quickly recovered, driving capital back into the crypto market. As a result, Bitcoin broke through 69,000, triggering a series of short covering, and the rally continued to push above 71,000. Ethereum also rose from around 2,070 to the 2,190 level. The initial idea overnight was to watch for resistance after a rebound, but in reality, there was no rush to short early. After the news settled, it was observed that buying momentum had significantly increased with limited pullback, so the strategy adjusted to follow the bullish trend, better aligning with the actual market movement. The key in the market is not the preset direction, but the ability to adapt quickly when changes occur.
From the current market structure, Bitcoin's 1-hour chart remains clearly bullish, with moving averages diverging upward. The price has stayed above the midline, indicating that the short-term dominance is currently in the hands of the bulls. On the 4-hour chart, after continuous upward movement, the Bollinger Bands have widened further, showing a high-level consolidation in a strong upward trend. There are no obvious signs of weakening or structural breakdowns yet; instead, short-term profit-taking pressure needs to be absorbed after the sustained rally. For Ethereum, the 1-hour trend is synchronized with Bitcoin, with continuous bullish candles pushing the price into a high-level sideways consolidation, generally oscillating along the moving averages. The 4-hour chart has returned to the previous strong zone, indicating market sentiment remains bullish. The current trading strategy remains focused on riding the trend for long positions. It is not recommended to go against the trend and short before a clear turning point appears. Wait for confirmation of support before re-entering long positions. The priority is to continue the bullish momentum. If the high-level consolidation ends and volume increases again, there is potential for further upside. #Gate广场四月发帖挑战 $BTC