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$72,640 of $BTC , what are you still waiting for?
Ceasefire between the US and Iran, ETF flooding in with $471M, institutions treating BTC as a pension allocation—just three days ago, a big bullish candle pushed the market up 4%, and the short sellers are still bleeding. But when you open your account, you see that the $73k barrier just won't break, oscillating back and forth like a scoundrel. Where's the promised bull market? Are we about to be buried again?
First, look at the surface: bullish signals piling up, price steady as a rock.
In the past 24 hours, BTC rose 0.86%, to $72,640. But the candlestick chart tells you this is the third failed attempt to break $73k. EMA7 just crossed above EMA25, RSI at 60.03, not yet overheated. The technicals say one thing: there's still strength, but it needs a kick.
First thing: geopolitical easing, short sellers forced to liquidate.
A two-week ceasefire agreement between the US and Iran has been implemented, crude oil prices plummeted, directly triggering $427 million in crypto short squeeze, with BTC surging 4% in a single day. Even the Israeli Prime Minister has changed tone and started negotiations. This means the funds that were hesitant to enter due to the war are now frantically re-entering.
Second thing: ETFs are bleeding the market, institutions are sweeping in.
On April 6, spot BTC ETFs saw a net inflow of $471 million in a single day, weekly inflow of $546 million, with total inflows exceeding $56.4 billion. BlackRock, Fidelity, ARKB leading the charge, Morgan Stanley's new ETF exploded on its first day.
Third thing: $70,000 is the firm bottom, $73,000 is the critical line.
The technicals tell you: the 50-day moving average is still trending upward, volume combined with ETF inflows is gradually increasing, showing a "false dip, true absorption" pattern. Some are scaring you in the $70,000–$73,000 range while collecting your chips.
One side: geopolitical easing, ETF flood, institutional entry.
The other side: high inflation, Fed on hold, unable to push past $73K.
Key level: $70,000, the last line of defense for bulls and bears.
If you're a short-term trader: try long positions above $72,500 with light positions, stop-loss at $71,800, target $75,000. Break $73K to add more and aim for $80K.
If you're a long-term investor: stay within the $70,000–$70,500 range, stop-loss at $68k. Add more if it drops to $65K–$68K. The institutions have paved the way, your money hasn't entered yet—you're the one in a rush.
What can turn you around is never chasing the rally or panic selling, but whether at $70,000 you still dare to trust BTC.
BTC fell from $126,000, washing out everyone. Now ETFs are buying, institutions are grabbing, geopolitics easing—what are you still afraid of? Afraid it will drop back to $60,000? Then add to your position. #Gate广场四月发帖挑战 #加密市场回升 $BTC