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Market Review: During the midday session, the price has been consolidating in a narrow range around 68,000. Following Trump's remarks in the evening, BTC surged by approximately 3,000 points. Currently trading around 71,000.
The current market movement is merely a news-driven rebound, not a trend reversal. Overall operations should maintain a bearish bias. In the evening, geopolitical news temporarily signaled easing, driving gold and silver higher, with BTC pulling up nearly 3,000 points on the short term. Subsequently, Iran denied relevant communications, the bullish narrative was invalidated, prices peaked and pulled back, returning near the 70,000 level. The weak pattern remains unchanged. On the daily timeframe, price is still in a corrective wave structure. This rally is purely driven by news and lacks a reversal foundation. Short-term resistance is obvious, with the hourly chart showing a long upper shadow, insufficient rebound momentum. Avoid chasing highs blindly.
Operational Recommendation: Mainly bearish bias, short BTC around 71,500, target around 70,000. #Gate13周年全球庆典