#Gate13周年现场直击 Can Bitcoin continue to surge

Market benefits from geopolitical favorable factors: the opening of the Strait of Hormuz and the warming of US-Iran talks expectations have eased the pressure on risk assets. As a digital risk asset, BTC is rising in sync with US stocks.

Bitcoin (BTC): Breaks previous high, aiming for 80k

Technical pattern: The daily chart has effectively broken through the upper boundary of the 76,000-77,000 consolidation zone, opening up new upward space. Currently in a high-level consolidation phase after accelerated gains.

Key levels:

Support: 77,000 (turned into support after breakout), 76,000 (strong defense).
Target: After stabilizing above 78,300, the next psychological level is 80,000.

ETH/BTC exchange rate: This ratio rebounded from the February low of 0.028 to 0.0313, breaking through the long-term downtrend line.

Key levels:

Support: 2,400 (psychological level), 2,350.

Target: 2,500 (previous high resistance).

Key breakthrough depends on whether it can stabilize above; if it cannot hold and falls back below support, this wave will be the sunset of the bullish trend, with limited upside space. Avoid chasing the rally as much as possible.
🈳 Overall, the market is not very friendly at the moment, but the momentum for higher highs and strong upward movement will start to weaken, indicating a shift in the medium to long-term trend structure.
🈳 Those without positions can consider entering; for those who have already entered early, they can add positions above but should avoid heavy positions. Manage risk according to capital situation. The fact that it has risen so much is a good sign.
Whether for the previously trapped long positions or for the upcoming medium to long-term 🈳 positions, this rally has been an unexpectedly violent surge, not a sign of a major cycle bear turning into a bull.

Operational strategy suggestions are as follows:
BTC; Enter on dips in the 77,800–79,300 range.
Stop loss: set at 81,000; continue holding long if not broken.
Take profit: short-term target at 74,800; medium to long-term, if it falls below 70,000, target 59,800.
This does not constitute any investment advice 📢

ETH: Enter in batches within the 2,443–2,489 range.
Stop loss: do not break 2,540, hold long.
Take profit: short-term target at 2,340; if it falls below 2,253, target 1,750.

There are no issues with long-term short positions; just pay attention to controlling risk levels.