Last night, Trump suddenly announced a halt to the strike on Iran, which significantly eased market sentiment. U.S. stocks, gold, and cryptocurrencies all experienced short-term rallies, and the previously pervasive panic atmosphere was somewhat alleviated.

However, this round of gains is more a short-term emotional recovery driven by news factors, not a trend reversal. Bitcoin and Ethereum's rebound strength is relatively limited, with resistance still clearly around $64,000 and $1,700, and market willingness to chase higher remains weak. The four-hour chart shows that prices continue to be suppressed by the upper band of the Bollinger Bands, with limited room for a rebound, and the overall weak $BTC pattern has not yet changed.