4.1 Afternoon Market Analysis

From the 5-minute chart perspective, Bitcoin has been steadily rising from the early session low of 67,550.1, with a strong upward push. In the afternoon, it peaked near 69,222, with bullish momentum continuing to be released.

Trump's statement that the Iran conflict could end within two to three weeks, combined with expectations of easing tensions in the Middle East, has quickly cooled market risk sentiment. Bitcoin has benefited from this sentiment, rebounding consecutively, rising nearly 1,700 points from the 67,550 level. The chart shows a clear unilateral rebound trend, but traders should be cautious—this is a correction after a previous sharp decline, not a trend reversal. Do not blindly chase highs.

Currently, the candlestick remains bullish with continuous upward movement. Although bullish momentum is strong, it has reached a short-term high. The resistance level above is around 69,800. If the price fails to break higher, bullish momentum will quickly weaken, and the rebound could present a shorting opportunity. The strategy remains primarily to sell high and buy low as a supplementary approach.

Trading Suggestions

Bitcoin: Short near 69,300-69,800, targeting 67,000✓. If broken, look for further decline to 66,000.
Altcoin: Short near 2,155-2,175, first target 2,080✓. If broken, look for a move down to 2,000.