April 6th BTC/ETH:

Trump and Iran reach a ceasefire deal—are they trying the “wolf is coming” routine again to lure in more buying?

On Monday morning, Bitcoin rebounded and held above 6900. Trump again spoke on the 45-day ceasefire buffer period with Iran. The final ultimatum was for Tuesday, when Iran confirmed it. At that point, crude oil released downside pressure, and safe-haven assets rebounded across the board. In fact, the outcome of the dispute can only cause short-term fluctuations in the market. Overall, whether crude oil can lower the inflation coefficient and determine when rate cuts begin—that’s the real starting point for restarting the bull market!

BTC
Currently, the four-hour K-line has started with five consecutive bullish candles and is moving sideways in consolidation. The top shows a doji star, volume expands but the rally stalls—buyers’ momentum is weakening. There is demand for a pullback on smaller timeframes. During the day, watch for pullback support at 6870-6780. As long as 6870 is not broken, there is still upward strength. Only if it breaks down and fully falls below 6780 will the rebound pattern be considered over. For the short-term, stay alert here. Before the daily chart stabilizes above 7000, do not chase after the price at high levels—focus on pullbacks!

Position around 6930-6970 for your initial entries, add at 7100, and target 6870-6780. If support breaks, look down to 6670.

ETH
Position around 2142-2163 for your initial entries, add at 2200, and target 2110-2080. If support breaks, look down to 2020.

Short-term trading can be adjusted flexibly; defense should be decided based on your own position and risk situation! $BTC #Gate广场四月发帖挑战