Driven by eased macro risks and mainstream cryptocurrencies, SCR’s risk appetite rebounded significantly in the short term. In mid-April, trading volume surged and broke through the $0.0460 resistance, showing rapid accumulation of price momentum. Technically, the short-term may enter the overbought range; it is advisable to watch for profit-taking pressure in the $0.0460–$0.0480 area, while the $0.0445–$0.0450 range is likely to provide support upon pullback. In the medium to long term, with accelerated institutional inflows and continued benefits for altcoins, it is recommended to accumulate on dips during structural adjustments, focusing on long-term value appreciation opportunities.

With the de-escalation of the US-Iran situation, global risk asset sentiment has rebounded markedly. Bitcoin and Ethereum led the rally, boosting overall market risk appetite. As a highly correlated altcoin, SCR saw steadily increasing trading volume on daily charts in mid-April and demonstrated a sensitive response to improvements in macro sentiment through its upward trend.

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

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

After Bitcoin consecutively broke four-week highs and hit the critical $75,000 level, market divergence intensified. This released negative gamma pressure in the short term but also brought new upward momentum to risk assets. SCR quickly followed the overall trend, registering substantial gains on April 16 and 17, with significantly strengthened short-term momentum, indicating that investor confidence in the price trend is rapidly building.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

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.

On the daily chart, SCR recorded its highest trading volume of the month on April 17, with the closing price surpassing the previous high of $0.0460 and reaching $0.0482, signaling a swift build-up of momentum. The moving average system shows a bullish alignment with widening amplitude. However, short-term momentum indicators are approaching the overbought zone, so attention should be paid to profit-taking pressure in the $0.0460–$0.0480 range. If a correction occurs, the $0.0445–$0.0450 range will likely form a strong support zone based on volume.

Against the backdrop of traditional financial institutions continuously increasing positions in Bitcoin ETFs and related products, market willingness for crypto asset allocation has been further validated. Targeted purchasing efforts and product deployment by large institutions will create spillover effects for altcoins. SCR is expected to benefit from this trend and attract more long-term capital attention, providing strong support for its medium- and long-term value.

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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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