4.8 Wednesday afternoon BTC/ETH Silk Road Sharing

Affected by the temporary ceasefire agreement between the US and Iran for two weeks, the situation in the Middle East has temporarily eased, and the risk to shipping through the Strait of Hormuz has declined. The NASDAQ rose, crude oil plunged, and Bitcoin rebounded to the high end. This round of rally was driven by news, but liquidity is weak, and capital inflow is limited. The ceasefire is a short-term agreement, and there are still uncertainties ahead. Technically, there was a volume breakout of the key resistance level, and short-term moving averages are in a bullish alignment! However, it’s important to note that the volume failed to sustain, the continuation of the rally is in doubt, and there may be a need for a short-term pullback too!

Trading suggestions:
Go long on Big Cake in the 70,800-71,500 range, target 73,500
Go long on ETH in the 2,210-2,230 range, target 2,350
$BTC $ETH #加密市场回升 #黄金白银走高 #特朗普同意停火两周