Bitcoin market review: The combined benefits of news and micro strategies drive the price to continue rebounding, and the change in the direction of the medium-term trend still needs to wait! Let's first take a look at the message page: 1) On the evening of April 21st to the early morning of April 22nd, Trump unilaterally announced the extension of the ceasefire. Even though Iran refused to attend the negotiations, the market interpreted it as a "temporary easing of geopolitical risks", forcing bears to liquidate their positions on a large scale and driving prices rapidly up from 76000 to around 78450. 2) On the same day, Micro Strategy announced the purchase of 34164 bitcoins for $2.54 billion, officially surpassing BlackRock to become the world's largest bitcoin holder and injecting an emotional catalyst into the market. Let's take a look at the technical data and capabilities again: 1) On the daily chart, the price rebounded again to the position of 0.786 in the Fibonacci channel, which is around 78300. However, the downside is that the trading volume has shrunk. Since the volatile rebound of 60000 on February 6th, the daily trading volume has gradually decreased; 2) At the four hour level, in terms of the fluctuation curve of long and short positions, the overall long position is slightly stronger than the short position. The short position in the past week has been very weak, extremely shrinking, and the main force of short positions has not entered the market; So, even if the trading volume is relatively low, the price still fluctuates and rises; The Air Force is waiting for a high position and timing; 3) The entrusted selling amount on the order book is gradually increasing, but the amount is not large. We can also see that the main force of bears is not making efforts, but is testing; 4) Yesterday, the net inflow of funds from ETF institutions was not significant, only $11.84 million. However, today Micro Strategy announced the purchase of 34164 bitcoins for $2.54 billion, making it the main force of the institutions. Micro strategy has been buying and buying recently, and it seems to have unlimited bullets. Is the bear market being wiped out by micro strategies like this? NO WAY ! Let's take a look at the situation between the United States and Iran again. Trump announced that at the request of Pakistan, he agreed to extend the ceasefire period until Iran submits a unified plan and completes negotiations, which is equivalent to an indefinite ceasefire; However, the US military will continue to impose a maritime blockade on Iran while maintaining military readiness, and the US Treasury Secretary has stated that they will continue their "economic rampage" against Iran; Iran has shown extreme distrust towards the negotiations proposed by the United States and is very angry about the blockade. The Iranian Revolutionary Self Defense Forces have started firing on container ships in the Strait of Hormuz, causing Brent crude oil prices to rise again by about $97-101 per barrel, with wide fluctuations within the day. This is not a peace agreement between the United States and Iran, it is just a 'delaying tactic'. However, neither the United States nor Iran seems to want to continue a full-scale war, and both sides are stuck in a negotiation deadlock, blockading each other in the Strait of Hormuz. In the context of high oil prices, global inflation pressure is relatively high, and Trump's approval rating has fallen to a historic low. He is also facing great pressure, and the midterm elections are getting closer. I reckon he has long wanted a complete ceasefire. A multidimensional analysis of the three-dimensional integrated trading system shows that 7 items are bullish, 1 item is neutral and bearish, and 1 short-term bullish item has been digested → overall bullish trend has been established. Duojun will not give up until they touch the key resistance price of 80000. The bulls will not die and the rebound will continue. The core state of the current market is the continuous buying of positive news and micro strategies, and the confirmation of the main volume. Short positions have been continuously exposed, greatly weakening their strength. The price is testing the Fibonacci 0.786 position (78676), and once it effectively breaks through, bearish liquidation will further push up the price. It is quite possible for BTC to rebound to the 1st axis position of the Fibonacci channel, around 80000. The first axis here is a strong gravitational zone and also a strong resistance level. Core judgment: The fourth wave of rebound has not yet ended and is currently in the acceleration stage driven by the main energy. Mid line short orders need to continue waiting until the price reaches the 80000-82000 range and a bearish signal appears before laying out. However, the medium-term downward trend remains unchanged, and the downward target remains the same: the first target is 7000-71500, and the ultimate target is 45000-50000. The time will be pushed back, but it will eventually come. Please be patient and wait for further attacks. Let the bulls roar for a while longer, let the bullets fly for a while longer, and lay out mid line empty positions without touching the top or feeling emotional.