🚀 Crypto Rally 08.04: Why is the market soaring?
Today, the crypto market demonstrated a powerful "Risk-On" impulse.
Bitcoin confidently returned above $70,000, dragging the entire alt season with it. 📈
What was the driver of the growth?
Geopolitical easing:
The two-week ceasefire announced by Trump with Iran immediately calmed investors.
Oil fell below 94, and capital began to flow back into risky assets. 🕊️
Short Squeeze:
Mass liquidation of bearish positions at the level of 68,500 added fuel for a quick jump
$BTC to the mark of 71,700+.
Domino effect in alts:
Against the backdrop of positivity,
$ETH rose by 7%, while $SOL and $AVAX show double-digit growth. 💎
📊 Technical assessment:
We broke through key resistance. If the market closes above 70,200, the next target is testing the historical maximum.
However, remember: this is a "relief rally," and volatility will remain high until a final resolution of the conflict.
💡 Tip: Don’t chase FOMO at the peak.
Use this growth for portfolio rebalancing and locking in some profit in strong coins, such as
$SIGN #Bitcoin70k
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#Ceasefire2026