After yesterday evening's news-driven trend reversal, Bitcoin and Ethereum experienced significant volatility and structural changes. Earlier in the morning, against the backdrop of a generally risk-averse macro environment, Bitcoin briefly dipped to support levels around 63,000-65,000, indicating that the bearish momentum was dominant; at this stage, short positions with high open interest and negative funding rates reflected a strong short-term bearish sentiment. Subsequently, the market consolidated within a range, repeatedly testing resistance levels between 66,000 and 68,000. As the US stock market opened in the evening with the Nasdaq falling and market risk sentiment improving, Bitcoin quickly rebounded, easily breaking through the key resistance at 68,000 and continuing its upward push, currently hovering around the 69,000 level. Ethereum also showed a pattern of weakness followed by strength, rebounding from a daily low of about $1,900 to re-establish above the psychological $2,000 mark, indicating short-term short covering and capital inflows driving the rebound. Overall, trading volume and open interest have significantly increased, with short-term momentum strengthening.

From a technical perspective, Bitcoin perpetual contracts are currently in a mid-term rebound trend. Breaking through the resistance zone at 68,000–69,000 is crucial for confirming a bullish structure. The short-term price has formed a pattern of higher lows and higher highs, with the 4-hour moving averages in a bullish alignment and the MACD showing a bullish crossover with extended red bars, indicating continued bullish momentum. The primary support zone is between 68,800 and 69,000; as long as this level holds, the bulls remain in control. Key resistance levels are at 70,000–70,500, which are psychological and previous high-volume trading areas; breaking above these could open up deeper upward space. If the price retraces and falls below 68,800, caution is warranted for a potential correction back to the 67,200–68,000 range for a second consolidation. Ethereum's structure also remains bullish, staying above support levels at 2,000–2,050, with RSI in the mid to high range and no significant bearish divergence, while resistance above is at 2,100–2,150. Overall, the current trend is clearly bullish, and the suggested trading strategy is to buy on dips. #伊朗局势升级 $BTC