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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.