Good morning everyone! After a deep pullback in the market last night, the bulls have strongly counterattacked, completing a V-shaped reversal. Bitcoin has first broken through the 95,000 psychological barrier, and in the early session, it has aggressively broken the 96,000 resistance level with a stepped increase in volume, currently reported at 96,300, showing a strong continuation of the upward trend. It is noteworthy that this round of rebound has not seen the usual technical pullback, and the hourly EMA moving averages are in a standard bullish arrangement. The short position strategy below 96,000 that was previously suggested in the early morning has triggered a 500-point risk control exit. Ethereum is also strengthening, having broken through the psychological level of 1,800 in the morning, forming a daily level breakthrough. Currently, the 4-hour MACD for the two major coins shows a continuous golden cross with increasing volume, suggesting to pay close attention to changes in trading volume during the Asia-Pacific session.

Bitcoin quickly broke through the key resistance level of 95,500 in the morning session, filling the recent downward gap, indicating an increase in short-term bullish momentum. This action may be stimulated by news of the China-U.S. tariff negotiations, with the market's expectation of easing trade policies boosting risk appetite. Bitcoin is currently in a stage of technical repair and fundamental game interplay. Although it has broken key resistance levels boosted by tariff negotiation news in the short term, it is still constrained by Fed policy, institutional fund flows, and the market liquidity environment in the medium to long term. It is recommended to adjust positions based on technical indicator signals and macro event dynamics, prioritizing a buy low, sell high strategy to avoid chasing highs and cutting losses.

Short near the rebound at 97,000-97,500, target 96,000-95,500

Short near the rebound at 1,830 for Ethereum, target 1,780