Today, I just opened my eyes, and wow, a big bullish candle shot up directly.



The market was originally worried about escalating tensions between the US and Iran, but suddenly news of a ceasefire broke out. Risk aversion cooled off immediately, risk appetite returned, and the market rebounded violently. Basically, the short sellers were heavily squeezed.

The current market situation can be summed up in four words: a long drought finally met rain.

BTC is at a critical level around 68,000. If it can hold steady, the next target is the resistance zone at 71,000–72,000.

But note—those small coins that have surged over 100% on the gainers list, don’t get carried away. I’ve seen this scene too many times: liquidity-driven + news hype, prices surge rapidly, and fall even faster. Don’t be smiling happily one day and freeze at the top the next.
BTC-0,4%
ETH-0,72%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
MakeMoneyToBuyEthereumvip
· 1h ago
Today isn't a big bearish candle, but it dropped again.
View OriginalReply0
  • Pin