4.8 Bitcoin / Auntie Analysis for the Evening

This morning, the US and Iran announced a two-week temporary ceasefire. The geopolitical risk-avoidance logic that previously supported Bitcoin's rise has completely unraveled. The price surged to a high of 72,500 but then quickly retreated. Although there were fluctuations in the evening, with reports of Israel violating the ceasefire agreement and oil tanker passage through the Strait of Hormuz being obstructed, the market had already completed the "buy the rumor, sell the fact" cycle. Short-term speculative funds have exited en masse from high levels. After the bullish momentum was fully realized, the bulls completely lost their core driving force.
II. Technical Analysis: Clear resistance at high levels, the correction trend is officially established
The price is facing strong resistance in the 72,000-72,500 range. It fell back with increased volume and closed with a long upper shadow, indicating heavy selling pressure above, and bulls are unable to mount a counterattack;
On the daily chart, a bearish candle has formed, effectively breaking below short-term key support. The previous bullish trend has weakened significantly, and bullish momentum continues to fade; combined with RSI dropping rapidly from overbought territory and KDJ forming a death cross, multiple technical signals confirm that a short-term correction trend has officially taken shape.
III. Evening Trading Strategy:
Bitcoin:
Pull back to 70,000-70,700, target 72,000.
Auntie:
Pull back to 2,150-2,180, target 2,250.