Recently, CTK's price has been driven by easing geopolitical risks and a recovery in market risk appetite, rebounding from the 0.155 area to the 0.18 level, with ample short-term momentum. The main resistance lies at 0.185–0.188, while support is found in the 0.176–0.172 range. If Bitcoin remains strong and breaks above $80,000, CTK may challenge 0.19, but it lacks its own fundamental catalysts. In the medium to long term, beware of systemic risks due to potential liquidity tightening by the Federal Reserve. Short-term trading with strict adherence to key support levels is recommended, avoiding chasing highs.

Since forming a bottom near 0.155 in mid-March, CTK rebounded alongside major crypto assets from March 29, successively reaching the 0.173 area. Since early April, it has further broken through 0.17 up to the 0.18 mark, indicating strong bullish continuation. Recently, easing Middle East tensions and improvement in risk appetite have triggered Bitcoin’s advance from above $72,000 toward $75,000, improving overall market sentiment and supporting buying interest in CTK, thus strengthening its short-term momentum.

Bitcoin surged past $72,000, rising about 3% to approximately $72,300, driven by easing tensions in the Middle East. Israeli Prime Minister Netanyahu reportedly initiated talks with Lebanon, supported by Trump's call for reduced Israeli military actions to maintain a ceasefire. Bitcoin's 24-hour gain of around 2% outpaced other major cryptocurrencies and coincided with a rebound in U.S. stocks and a drop in oil prices. Bitcoin is increasingly decoupling from tech stocks, influenced more by geopolitical and risk-averse factors.

Analysis: Bitcoin breaks through $72,000, Middle East ceasefire expectations boost market sentiment.

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

On the daily chart, CTK faced resistance and began to pull back around 0.187. Currently, the 0.185–0.188 level serves as upper resistance, with major support located in the 0.176–0.172 range, near the 20-day moving average and recent low. If Bitcoin holds above $75,000 and aims to test $80,000, market liquidity will persist, and CTK may challenge the 0.19 round-number resistance. Conversely, if Bitcoin retraces from high levels, CTK may retest its support near the 20-day moving average.

Although short-term sentiment is mainly driven by easing geopolitical risks and the recovery of risk assets, it's necessary to pay attention to the potential restraining effect of the Federal Reserve’s hawkish stance on overall liquidity. Increased institutional holdings of Bitcoin ETFs and accumulation by leading investors indicate a bullish medium-to-long term outlook, but liquidity tightening could cause high-beta assets to retreat, and systemic volatility risks remain in the crypto market. Since CTK currently lacks significant fundamental catalysts, caution is warranted concerning adjustment pressures from changes in the macro environment over the medium and long term.

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

Shentu

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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Shentu Price: CTK Live Price Today | CTK Market Cap & Chart Analysis | Bybit-eu

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CTK price today is 0.19, with a live price change of 1.61 in the last 24 hours. Convert, buy, sell and trade CTK on Bybit-eu.

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