#BTC 4.8 Wednesday Afternoon Bitcoin and Ethereum Latest Analysis and Outlook

In the short term, focus on news; in the medium term, focus on trends; in the long term, focus on cognition. Take it slow; actually, that’s the fastest way. Looking back, Bitcoin started rising from 68096 in the early morning, climbing steadily to a high of 72761, then falling back to 71235, now hovering around 71800. Ethereum began rising from 2077, moving in tandem with Bitcoin, reaching a high of 2273 before pulling back, currently around 2240. It’s a pity about the short positions set last night—there was profit but no exit, resulting in a slight loss. Early this morning, Trump’s comments on the trade deal caused the bulls to regain strength, and those who followed saw no loss at all.

The US and Iran have reached a two-week temporary ceasefire agreement, easing tensions in the Middle East and reducing passage risks through the Strait of Hormuz. Buoyed by this news, the Nasdaq surged 2%, crude oil prices plummeted 15%, and Bitcoin rebounded to break above 72,000. This rally was mainly driven by news; overall market liquidity remains weak, with limited capital inflow, and the ceasefire is only a short-term agreement, not a complete end to the conflict. There are still uncertainties ahead. A large bullish candle appeared on the four-hour chart, successfully breaking through the daily resistance level, with the short-term MA7 and MA30 forming a clear bullish alignment. However, the volume did not sustain the momentum during the rise, raising doubts about its durability, and a pullback may be needed on smaller timeframes.

Wednesday Afternoon, 4.8
Btc: Long positions around 70400-70800, target 71800-72700
Eth: Long positions around 2168-2186, target 2235-2275