# Following the News Disruption, How Should We Trade Going Forward?

The daily close above the 70,000 level indicates that the market can no longer be regarded as extremely weak; subsequent trading should primarily favor longs with shorts as support!

Yesterday's false alarm news involving the US, Iran, and Ukraine suddenly shocked the crypto market, causing Bitcoin to experience an extreme roller-coaster movement with a single-day fluctuation of nearly 8,000 points. After a sharp decline to test the bottom, there was a violent rally, with bulls briefly pushing the price up to the 72,000 resistance level. Although the price did not stabilize firmly above it, the daily close at the end of the session successfully held above the critical 70,000 mark. Once market panic eased, sentiment returned to rationality, and the market was no longer in an extremely weak downward pattern.

From a technical perspective, the four-hour candlestick shows a double yang reversal with upward momentum, with the price consistently staying above the midline. The MACD histogram continues to diverge, indicating strong bullish energy, and the short-term rebound structure remains valid. After overnight consolidation and fluctuations, the 70,000 level has held firm without being broken, with strong support below serving as the short-term core boundary between bulls and bears.

Currently, the market has entered a wide-range consolidation pattern. Focus on the resistance between 72,000 and 72,500, as well as the two key test levels at 74,000 and 76,000. Until there is a strong and effective breakout, avoid blindly chasing orders or buying on dips.

This week’s overall strategy has been adjusted to: first go long, then go short; within the range, sell high and buy low. If the price pulls back and stabilizes at 70,000–70,500, support can be used to establish long positions, aiming for rebounds to test the 72,000 and 74,000 resistance levels. If the rebound reaches the 74,000–76,000 zone and encounters resistance, short positions can then be considered.

The key focus this week is whether 72,000 can be broken through on volume. If it can be firmly established above this level with volume, bulls may continue their upward push, recover previous declines, and target the 74,000–76,000 levels. If resistance above 74,000 causes a pullback, the market will return to a wide-range consolidation!