TechFlow News, April 10: According to BIT on Target’s weekly report, despite the recent rollout of multiple positive catalysts—including the announcement of a ceasefire, rising inflationary pressures, and heightened expectations surrounding the transition of Federal Reserve leadership—Bitcoin’s market response has remained muted, significantly underperforming expectations.
Technically, Bitcoin has entered a pronounced oversold zone, with the weekly stochastic indicator showing marginal upward movement. However, the report cautions that relying solely on oversold signals to conclude the end of the downtrend remains premature—similar oversold conditions in 2022 persisted for several months, during which rebound signals ultimately failed to trigger a meaningful reversal. The report emphasizes that what warrants closer attention now is the price level at which the market will reprice, as well as the outcomes of two pivotal events scheduled for next week.
Geopolitically, the ceasefire arrangement brokered under Trump’s influence still faces substantial uncertainty in its implementation. Iran retains strong influence over the Strait of Hormuz, and related shipping volumes remain markedly below normal levels—geopolitical risks have yet to be fully resolved.
