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Market Review: The price hovered in narrow range consolidation around 68,000 during midday. Following Trump's remarks in the evening, BTC price surged approximately 3,000 points. Currently trading near 71,000.
The current market movement is merely a news-driven rebound, not a trend reversal. Overall trading strategy remains primarily bearish. Evening geopolitical news briefly signaled de-escalation, driving gold and silver higher and pushing BTC up nearly 3,000 points intraday. Subsequently, Iran denied relevant communications, invalidating the positive outlook. Price rallied and pulled back, returning to the vicinity of 70,000. The weak pattern remains unchanged. Daily timeframe is still in a corrective wave structure, with this round of gains purely driven by news catalysts lacking reversal fundamentals. Short-term resistance is evident above, with hourly chart showing a long upper wick indicating insufficient rebound momentum. Avoid chasing highs blindly.
Trading Recommendation: Primary bearish bias - short BTC near 71,500, target around 70,000. #Gate13周年全球庆典