Since the United States launched attacks on Iran, the Russia-Ukraine peace talks have basically come to a standstill. Analysts point out that even if both sides ultimately reach some form of tacit ceasefire, it is difficult to regard it as a stepping stone to long-term peace. Russian President Putin has ordered a short-term ceasefire during Orthodox Easter. According to the directive, the Russian side will cease actions in all combat directions starting at 4 PM Moscow time this Saturday, until the end of Sunday.

The price of Bitcoin has risen this week alongside the easing of geopolitical tensions, reaching above 73,000 in early trading. From a market perspective, the overall pattern is in a stage of fluctuating upward movement.

Returning to the technical side at the four-hour level, the price trend is rising in a step-like manner, with each pullback accompanied by the emergence of new highs. The short-term pressure resistance above is at the 73,400 mark, with the bottom support at the 71,500 mark. With the price increase, all moving averages are shifting upwards, so the bullish outlook for the day remains unchanged.

It is recommended to look for bullish opportunities in batches in the 71,500-71,200 area, with a target towards the 73,300 price. As long as it rises, we can continue to look towards around 74,500.

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