These past few days, many people have been asking me, why did Bitcoin suddenly surge violently? Actually, it's not that complicated. The core reason is that the market sentiment shifted from "extreme panic" to "well, maybe it's not that bad after all."

What was the market most afraid of before? It was the possibility of the U.S. launching a large-scale trade war, imposing a 15% tariff on global goods. This was like a big sword hanging over everyone's head, and everyone was worried it would cause economic problems, so they hurried to sell their stocks and Bitcoin. But what happened? The sword was indeed dropped, but only by 10%, much lighter than expected. Everyone saw this and thought, oh, it was just a false alarm!
Plus, President Biden made a soft statement in his State of the Union address, saying inflation isn't as hot as before. What does this mean? It suggests that the Federal Reserve might not need to raise interest rates so aggressively. Money won't be pulled out so quickly, so people dare to hold onto their cash and seek higher returns. High-risk, high-reward assets like Bitcoin become the top choice. So, when funds flow in, the price naturally jumps up.
After explaining the reasons, let's look at the current trend. It’s like someone who was knocked down but has now regained strength and is trying to stand up.
The 64,000–65,000 level is the bottom line for the bulls. As long as this level holds, it indicates that the momentum is still there, and the rebound can continue. The major resistance zone around 72,000 is where many people got caught in the previous big drop—full of trapped "victims." When the price approaches this area, many get scared of losses, and their first reaction is to "run quickly." So, pushing through all at once is difficult; it’s more about grinding back and forth.
Looking at the 4-hour chart, this rebound is quite fierce, like a "V" shape reversal, but it’s moving too fast. There’s also significant selling pressure above, and it’s starting to feel like the upward momentum is stalling. On the 1-hour short-term chart, it looks like a sprinter just finished a 100-meter dash—time to catch a breath. There’s intense battle inside—some want to sell, others want to buy.
The macro panic has eased, so we saw a revenge rally. But technically, there are deep pits below and dense trapped zones above. Don’t expect to fly past them in one go; more likely, it will be a tug-of-war, gradually moving upward.