4.14 Bitcoin Morning Analysis

The breakdown of US-Iran negotiations and rising geopolitical risk sentiment have fueled a short-term violent surge in Bitcoin, pushing the price into a strong resistance area at the upper Bollinger Band; from a technical perspective, after the rally on the 1-hour timeframe, bullish momentum is weakening, the KD indicator turns from overbought, and volume follow-through is insufficient. Although geopolitical risk may boost prices in the short term, dense resistance lies above at 74,600-74,870, clear technical pullback signals are present, and the negotiation stalemate has not been materially resolved, making the sustainability of the rally doubtful. Overall, maintain a high short (sell) outlook, look for short opportunities at the resistance levels, and stay alert to the risk of a pullback after geopolitical sentiment fades.

Trading suggestion: 75,000-75,500 箜, target 73,000-73,500.$BTC $GT