On April 6th, BTC rebounded to 69.4k, hitting a new intraday high. Core drivers: ① Easing expectations of Middle East tensions, risk appetite increases; ② Institutional funds flowing back in, with net inflows into US spot ETFs, MicroStrategy continuously adding positions; ③ Short covering triggered a short-term short squeeze. Caution: Strong resistance around 71.5k, and policy uncertainty remains ahead of the April 28 FOMC meeting. High volatility suggests strict leverage control is recommended. #BTC

BTC3,3%
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