SOON recently found a bottom near $0.10 with a significant increase in trading volume, followed by a strong short-term V-shaped rebound. The price high has already broken through $0.15, indicating bullish dominance and abundant momentum. Although affected by geopolitical and monetary policy disturbances, short-term market sentiment remains cautious and the recovery in risk appetite is not yet complete, but on-chain structure and derivatives data suggest that a medium to long-term bottom is gradually being consolidated. Considering the rotation of mainstream assets and SOON's high Beta characteristics, it is recommended to pay attention to mid-term layout opportunities in the $0.12-$0.13 retracement area. The upper target is $0.18, with a suggested stop loss below $0.10.

Since SOON’s price bottomed at $0.1011 on April 9, trading volume has surged over several days, quickly triggering a V-shaped reversal. From April 10 to 16, the price rose from $0.10188 to $0.1573, with a cumulative gain of over 54%. Average daily trading volume more than tripled from previous levels, indicating active buying and a decisive breakout of key resistance. Multiple consecutive solid bullish candles on the daily chart reflect strong short-term bullish momentum, but attention should be paid to the risk of overbought conditions due to rapid price increases.

Bitcoin rose to around $74,935 during the Asian session, up 0.7% in 24 hours and 5.4% weekly, driven mainly by spot buying rather than broad risk appetite. Derivatives markets show caution: perpetual contract funding rates remain negative, open interest declines, and options indicate higher demand for downside protection. This suggests a rebound, not a trend reversal, amid ongoing risk aversion and cautious sentiment despite gains.

Analysis: Bitcoin strengthens along with US stocks, but the options market still bets on downside risk.

Recently, escalating tensions in the Strait of Hormuz and the resulting surge in oil prices have heightened risk aversion, placing pressure on risk assets in the short term. Furthermore, hawkish comments from the Federal Reserve have limited liquidity expectations, leading to volatile corrections in some assets, though overall risk appetite is gradually recovering. Additionally, the digital asset market’s capital flows have become more volatile under combined geopolitical and policy factors, causing SOON to fluctuate in line with mainstream assets, with short-term sentiment appearing cautious and observant.

Due to Trump's order to blockade the Strait of Hormuz, oil prices surged, US stock futures fell, and the dollar strengthened. This escalation followed failed US-Iran talks in Pakistan, disappointing investors. Elias Haddad from Brown Brothers Harriman noted this will likely reignite risk aversion this week. Investors are also focused on the upcoming Q1 earnings season, seeking corporate leaders' views on rising risks.

Earnings season intertwined with geopolitical crises, market risk aversion reignites.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

From a mid- to long-term perspective, mainstream on-chain and derivatives market data indicate a bottom structure is gradually forming, with various trend models forecasting the current phase as a potential starting point for a new upward cycle. Simultaneously, Bitcoin’s holding distribution and major lock-up zones suggest ample accumulated buying, which may provide sustained momentum for risk assets moving forward. SOON benefits from overall capital rotating toward high-Beta assets, carrying medium- to long-term layout potential, and is likely to receive dip-buying support during market vacuum periods.

Analyst Ai highlights a key "value range" for Bitcoin between $63,111 and $70,685, where significant holdings create strong support. Falling below $63,111 could lead to a liquidity vacuum. Bitcoin is also nearing a crucial decade-long upward trend line around $56,000–$60,000, historically a buildup phase before major rallies. Current volatility may represent a generational entry opportunity based on long-term trends and on-chain liquidity.

Analyst: Key "value range" for Bitcoin emerges, current volatility may represent a cyclical entry opportunity.

10x Research analysis indicates Bitcoin is approaching a significant breakout, with internal trend models detecting a shift and market sentiment, positions, and capital flow data confirming structural changes. Despite concerns about quantum computing threats emerging around 2030-2035, current technical indicators show constructive momentum and multiple signals suggest a high probability of short-term upward movement. The key question remains if this will lead to a new bull market and all-time highs.

Analysis: Bitcoin may face a critical breakthrough, multiple indicators resonate pointing to an upward window.

SOON

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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SOON price today is 0.23, with a live price change of 45.12 in the last 24 hours. Convert, buy, sell and trade SOON on Bybit-eu.

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