Recently driven by easing geopolitical tensions and a rebound in risk appetite, TURBO saw a rapid short-term surge but quickly encountered resistance and pulled back at $1.2762, with trading volume shrinking significantly. Currently, bulls and bears are fiercely contesting the $1.10–$1.27 range, leaving the short-term direction unclear. If the price can hold above $1.10 with a rebound in volume, it may have the potential to continue upward and test the $1.24–$1.27 resistance; conversely, falling below $0.98–$1.00 would turn the market cautious and increase the risk of a correction. Strategically, it is advised to closely monitor trading volume and price actions of major coins, focus mainly on short-term range trading, and await long-term liquidity signals for a confirmed trend.

With the Middle East ceasefire and progress in US-Iran negotiations mitigating geopolitical risks, overall risk aversion has declined, boosting global risk assets. Against this backdrop, Bitcoin has returned above $74,000, attracting capital inflows and strengthening digital assets overall. On April 15, TURBO also jumped rapidly from $1.0288 to the April 16 high of $1.2762, with daily trading volume rising from around 3.33 million to 9.48 million, indicating a clear short-term bullish sentiment. Despite a pullback the following day, the price remained above $1.19, with bullish momentum staying active.

The Middle East ceasefire and US-Iran nuclear talks progress have eased geopolitical risks, pressuring oil prices and boosting global risk assets. The Nasdaq set a record 12-day winning streak, with tech and AI sectors attracting capital. Bitcoin rebounded above $74,000 amid steady ETF flows and balanced leverage liquidations. However, Democratic opposition delays Fed nominee Wash's hearing, increasing leadership uncertainty and market volatility risks.

Bitget UEX Daily Report | Hopes for Middle East Peace Rise, Nasdaq Hits Record 12 Consecutive Gains, Anthropic Releases New AI Model

The market is currently at a stage of contention between critical resistance and support levels. Bitcoin is struggling near $75,000, and TURBO also faced selling pressure at the psychological $1.3 mark, dropping consecutively after hitting the $1.2762 peak. Bulls believe that as long as the price returns to and holds the $1.24–$1.27 range, upside momentum could continue; bears point to the sharp recent decline in trading volume, leaning towards short- to mid-term volatility or a retest of the $1.1–$1.0 area. For the past three days, the candlesticks have closed lower with narrowing volume, showing a stalemate between bulls and bears at key levels.

Bitcoin recently surpassed $75,000 for the first time in 73 days, facing resistance near $78,000 with $74,000 seen as a critical support level for further gains. Market views diverge: bears cite weak macro liquidity and reliance on short-covering, while bulls highlight strong whale accumulation and potential breakthroughs above key moving averages. The broader market shows mixed signals amid geopolitical developments and fluctuating investor sentiment.

Trading moment: BTC encountered resistance at 78K, and it needs to hold 74K to aim for a breakthrough.

Reviewing the candlesticks, after the strong breakout with volume on April 16, total trading volume for April 17–18 was less than 5 million, with the price retreating from $1.2762 to $1.1046, a decline of about 13.4%. If the price can consolidate above $1.10, it signals bulls have not given up and could attempt another advance if Bitcoin holds the $74–$75,000 level; however, a break below the early April support zone of $0.98–$1.00 may trigger investor caution and accelerate the correction. Over the medium and long term, continued attention is needed on macro liquidity trends and the performance of major coins to confirm whether the current decline is just a short-term sentiment-driven adjustment.

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