4.7 $BTC Big Cake Morning Analysis

Big Cake is currently around 68,500. Last night, it surged up to near 70,000 but didn’t manage to hold, and was pushed back down again—showing that the selling pressure at this level is still quite heavy.
On the news front, the market is still digesting the impact of the situation in the Middle East. There are expectations of easing on one side, but the risks haven’t been fully removed on the other, so funds are clearly more cautious. That’s why you’ll see—there can be a rebound, but no one dares to chase the highs.
In addition, last night’s move was more about short sellers being forced out by passive stop-losses, not active capital moving in, so the follow-through isn’t strong. #Gate广场四月发帖挑战

To put it simply:
Going up is a rebound, not a trend. #加密市场行情震荡

Strategy-wise:
For a rebound up to 69,000–69,500, first expect resistance.
On the downside, first look at 68,000; if it breaks through, look at 67500. #加密市场行情震荡

If it can regain stability above 69,500, then consider following the trend. #国际油价走高

For today, don’t chase longs for now. If the rebound can’t lift higher, it’s still bearish.