From the current market structure perspective, Bitcoin's short-term trend is significantly stronger than peripheral risk assets. Although U.S. stocks experienced a notable pullback yesterday, the crypto market did not show synchronized panic selling, indicating that core funds in the market have not experienced obvious withdrawal at this stage, but rather maintain a relatively stable state.

On the macro level, the Middle East situation remains tense, and the conflict between the U.S., Israel, and Iran will likely be difficult to resolve quickly in the short term. Based on historical experience, whenever geopolitical risks rise, the market tends to periodically strengthen Bitcoin's "safe-haven asset narrative." This narrative often gets amplified by mainstream capital and market sentiment, driving prices to remain strong in the short term. However, it should be noted that such narratives sometimes also become tools for major players to test liquidity or distribute positions at high levels. Therefore, the market's true subsequent reaction remains worthy of continuous observation.

From the trading volume perspective, recent rebounds have been accompanied by certain levels of volume expansion during the upside push, indicating that the market still has active buy orders driving price increases. Open interest is also in a state of gradual increase, meaning the current rally is not just short covering, but also involves some new long-side capital participation.

Intraday Trading Strategy

Layer Buy Orders in the 70400—70000 Range

Target Level: Around 72800
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