Current geopolitical risks have marginally eased, boosting market risk appetite and driving TURBO to gradually rise since early April, once breaking through a high of 1.26. Fueled by Bitcoin’s strong breakout and volatility in the derivatives market, TURBO’s short-term momentum has significantly strengthened. However, the recent heavy trading at highs followed by a pullback indicates increased willingness of capital to take profits. Coupled with fluctuations in leading assets and macroeconomic uncertainties, there is short-term correction pressure. It is advised to monitor the critical support at 1.19; if this level is lost, there is a risk of a pullback to 1.13. Strategically, caution is suggested in chasing the rally, with a preference for short-term trading—buying low and selling high.

Recent developments toward easing tensions in the Middle East and the resumption of US-Iran talks have significantly reduced global risk aversion, resulting in a rebound in market risk appetite. Both equities and crypto assets have become more active. After stabilizing at the end of March, TURBO has been rising steadily since early April, breaking through key levels at 1.05 and 1.10, and surging more than 12% in a single day on April 16 with increased volume, reflecting heightened speculative sentiment among participants.

As US-Iran tensions ease, Wall Street adopts the "TACO trade" strategy—betting that Trump's tough geopolitical rhetoric will ultimately lead to compromise. Investors view conflict escalation as a buying opportunity, reflected in the S&P 500's first weekly gain in six weeks and low option risk premiums. While some see this as a highly profitable cycle, others warn that market complacency may encourage riskier policies and increase tail risks.

"TACO Trading" Dominates the Market: Investors Bet on Trump "Ultimate Pressure Will Eventually Back Down," Buying the Dip Becomes the Mainstream Strategy

Bitcoin has repeatedly set new highs and broken through key price levels, reinforcing a bullish pattern. After reclaiming $74,000, it went on to test the $75,000 volatility threshold multiple times, causing a negative gamma effect in the derivatives market and triggering an accelerated rally. The spillover effect from leading assets has resonated with altcoins and high-leverage tokens, with TURBO rising over 20% since April 14, validating the existence of structural opportunities in the market.

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.

However, momentum is facing pressure at high levels, and increased short-term volatility warrants attention to correction risks. The spike and pullback on April 16 resulted in a long upper shadow; although trading volume expanded, the close on the following day failed to hold above 1.26, indicating profit-taking activity. Combined with Bitcoin's choppy trading in the $75,000 to $78,000 range and macro policy uncertainties causing increased volatility, if TURBO falls below the 1.19 support, there is a risk of a further test of the 1.13 level.

Turbo

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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TURBO price today is 0.00, with a live price change of -3.42 in the last 24 hours. Convert, buy, sell and trade TURBO on Bybit-eu.

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