BTC (Bitcoin): Technical Analysis:
The conflict between Israel and Iran has entered a ceasefire phase, easing market risk aversion, and risk assets are experiencing a rebound. Additionally, expectations for the Federal Reserve to refrain from raising interest rates have strengthened, leading to a weaker U.S. dollar, all of which have supported Bitcoin.
Yesterday, Bitcoin rose nearly 5%, closing with a significant bullish candle, peaking around 106,000. Currently, Bitcoin is still within a red descending wedge (not broken), and if it breaks through and stabilizes above 107,000, it may continue to challenge new highs.
Operational Strategy: For intraday operations, if Bitcoin breaks through the resistance zone of 105,500–106,500, it may be appropriate to go long. If the breakout fails, it may fall back to the support zone of 102,500–101,500; for short-term operations, it is recommended to consider short positions.
