#BTC Yesterday, the key emphasis was on two major resistance levels for gold at 4750 and 4775. When reaching the first resistance level, it was advised to exit the position directly; upon reaching the second resistance level, arrange for a short position. As expected, the market retreated in the afternoon, resulting in a 70-point gain.

The market retreated to around 4720, and it was still possible to follow the trend and go short. Before the release of the CPI data overnight, the market weakened in advance, dropping to 4642 before quickly rebounding. This rebound was mainly influenced by the renewed escalation of tensions in the Middle East, with geopolitical risks boosting bullish sentiment. Subsequently, the position was decisively closed at 4670, locking in 50 points; then, a long position was taken again, capturing another 50 points for a close.

Now, let's look at today's gold trading logic:
The one-hour chart for gold still maintains a large-range oscillation pattern. Currently, the US-Iran situation has clearly escalated. With increased geopolitical risk aversion, the market is unlikely to experience a deep decline, and the short-term oscillation pattern is difficult to break. Focus on the strong resistance at around 4780 above, and closely monitor the key support at 4630 below. In the short term, it is highly probable that the price will continue to trade within the 4630–4780 range, with high and low positions within the range.