JUST IN: U.S. March PPI YoY prints 4%, below expected 4.6%. If inflation cools further, fed policy expectations and risk assets could see relief bids. $BTC $ETH

Is 750 a stepping stone or the end of the line? Can the rally continue? Yesterday, after Bitcoin retested 70456, a large amount of institutional funds accumulated at the low, pushing the price up nearly 4,000 points intraday, showing extremely strong buying momentum in the market. Recent Federal Reserve officials' speeches have been dovish, temporarily easing concerns about inflation, giving risk assets a breather. Coupled with ongoing Strait incidents between Iran and the U.S., the overall sentiment has shifted to extreme optimism. The bulls are currently dominant, but caution is still needed to prevent a shakeout after positive news. On the daily chart, after the bulls volume-broke the upper band, the upward movement paused. It has not yet touched the previous resistance at 760, instead showing a bearish candle retest. Since the previous sharp decline, Bitcoin has been trading within a wide range. Although the bulls and bears are fiercely contesting, neither side has broken out of the range. Structurally, the market cannot break through the range in the near future, and the pattern remains a rally followed by a pullback. On the four-hour chart, consistent with Wukong's expectations, the upward momentum continues into mid-April. As seen in the chart, from the end of last month, the price has soared all the way up to the current high of 750. Although there are retests, in a bullish trend, any pullback is just a buildup for both sides. Will the rally continue? The key point to watch is the 760 resistance. Only a breakout above it can provide more room for upward movement. If it gets suppressed again, the upward trend will end, and a deep retest will follow. Combined with the daily chart, there is no clear sign of a breakout from the range pattern. Therefore, I personally do not recommend blindly chasing longs now. Instead, it might be time to turn around, short at the 750-760 resistance zone, with support levels at 715, 680, and 650. Ethereum's movement is synchronized with Bitcoin, so follow along accordingly. A 3% stop-loss is suggested, with targets at 770 and 780, and stop-loss above 790. That's all for now. These are just personal opinions and for reference only!