4.8 Afternoon Analysis

This rally is incredibly strong—jumping straight from 67,732 to 72,760. The one-hour chart has pulled a big bullish candle through the Bollinger upper band. It has now pulled back and is consolidating around 71,600, temporarily holding its ground this afternoon.

The news has directly delivered a major push: Trump said he would help restore navigation in the Strait of Hormuz, and the geopolitical tension in the Middle East cooled down immediately! Earlier, regional conflicts were causing widespread anxiety, but once signals of easing came out, risk-averse sentiment faded, and funds turned back to surge into Bitcoin, pushing the price up directly.

From a technical standpoint, the one-hour Bollinger Bands are opening upward, and the midline at 69,940 has become a strong support. Although the KD indicator is a bit overbought and has started to turn downward, the overall bullish trend hasn’t been broken. In the afternoon, it’s likely to range and consolidate in the 71,000–72,000 zone, digesting the explosive rally from earlier.

After such a surge, don’t blindly chase longs—watch the 71,000 support; if it breaks, be more cautious. Once it holds above 72,000, look for new highs.

Suggested rebound target: 72,300–72,800箜, target 70500–70000.#黄金白银走高 #Gate广场四月发帖挑战 #BTC突破71000美元 $BTC