The US and Iran have reached a two-week ceasefire agreement, leading to a phased easing of tensions in the Middle East. Market risk aversion has significantly decreased, and risk appetite has fully rebounded. U.S. stocks opened sharply higher across the board, driving a global rebound in risk assets, with Bitcoin following suit. This wave of gains is driven by a combination of news and sentiment, representing a pulse rather than a fundamental shift.



The sharp rally in U.S. stocks has led to a phase of rebound in Bitcoin, but bullish momentum has clearly weakened. The strong resistance above 72,500 remains effective. The short-term rebound has reached its limit, and the continued strategy is to look for short positions below 69,500.
BTC3.46%
ETH4.56%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments