Dispute escalation: U.S. military blocks strait routes, Bitcoin surges late at night—Is this a bull rebound?

Continuous negotiations have broken down; last night after the U.S. market closed, Trump announced that U.S. forces will completely block the strait routes. The market rose before the U.S. stock market closed, recovering all losses since the conflict began. Currently, the core disagreement in negotiations has shifted from energy to Iran’s nuclear retention, which has touched both sides’ bottom lines. It is likely that this will not end in the short term, and rising oil prices will continue to drive inflation. Therefore, the increase in Bitcoin, which is sensitive to the economy, may not last.

BTC
The current rally has broken through the daily resistance and reached the midline of the weekly chart. If you’re not hesitant, there’s no need to chase after it. The four-hour top shows a decreasing volume doji star, increasing the risk of a pullback. First, observe the pullback strength: intraday support is at 7390-7290. Only a complete break below these two levels will signal a small-scale correction. From a larger structure perspective, the market is still in a mid-term bear market; without a firm break and stabilization above 8000, the overall trend will not change.

Centered around the 7460-7500 initial position, with additional positions at 7600, aiming for a break below 7390-7290 to see 7150-7040.

ETH
The four-hour pattern of “Auntie” (Ethereum) has formed a double top. Watch for a pullback support at 2340. If this level does not break, the upward trend can continue. Keep an eye on this; if the four-hour chart breaks and stabilizes above 2400, then the target is at 2520-2650.

Centered around the 2383-2408 range, with support at 2446, aiming for a break below 2340 to see 2250-2212.