After Trump announced a two-phase ceasefire agreement between Israel and Iran to end the 12-day conflict, the market showed a broad rebound. Last midnight, Bitcoin exhibited a strong rebound trend, bouncing back after hitting a low of 99547, reaching a high of 106005 in the morning.

Ethereum similarly rose from a low of 2190 to a high of 2438 by morning.

With the continuous rise in the market, following four consecutive trading days of a downward trend, the favorable news of easing geopolitical tensions significantly boosted market risk appetite.

The lower band of the Bollinger Bands showed a strong rebound, with a long bullish candle not only fully recovering previous losses but also breaking through multiple resistances, heading straight for the key pressure level at the middle band of the Bollinger Bands.

From the current market perspective, the four-hour level shows that after a slight pullback, the market has once again presented a three-day rebound, climbing up to the upper band of the Bollinger Bands.

However, it is evident that the upper band is providing strong resistance, preventing further upward movement, with the bullish candlestick showing a long upper shadow. The bullish momentum is gradually diminishing due to the overhead resistance. From the one-hour level, the market shows a strong unilateral upward trend,

and has broken through the upper band of the Bollinger Bands, but the upward trend has slowed down.

The KDJ indicator's three lines have entered the overbought zone and are showing signs of turning down,

indicating that a pullback is likely in the future. Therefore, in the morning operations, we will first look for a platform correction after the rebound.