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Spot gold maintains a constructive bullish bias and is attempting to break through the key resistance level of the 200-period Simple Moving Average (SMA) on the 4-hour chart to extend its upward momentum. The RSI stands at 60 and is gradually approaching the overbought zone; the MACD continues to rise in positive territory, showing that bullish pressure remains. However, if the price continues to surge rapidly, signs of weakening momentum may appear. Initial resistance is at the 61.8% Fibonacci retracement at 4,915 yuan. If this level is effectively broken, the next upside target points to the 78.6% retracement at $5,134.37, subsequently challenging the cycle high at $5,419. On the downside, the 50% Fibonacci retracement at $47,609 forms key support. If this level is lost, it will expose the 38.2% retracement at $4,604 and the 23.6% retracement at $4,410, where buyers are expected to re-enter the market.

BlockBeats News, April 15th, Cryptocurrency quantitative analyst @AxelAdlerJr stated that Bitcoin recently touched the average entry cost of the US Bitcoin ETF holders at $74,200. If Bitcoin can continue to hold above this level, the ETF holders will transition from a loss to a breakeven point (neutral); if it falls below, it indicates that the market structure is still weak, and the pressure continues. On the other hand, the Short-Term Holders (STH) have a cost basis of around $83,734, which is the main resistance level in the current market. The analyst believes that only when the Bitcoin ETF holders' cost narrows further towards the STH cost basis gap can the Bitcoin market structure see more significant improvement.

Golden Ten Data reported on April 15 that Indian small-cap stocks have shown remarkable performance, successfully erasing losses caused by the Israel-Iran conflict, while large-cap stocks have yet to achieve the same. On Wednesday, the Indian NIFTY Smallcap 250 Index rose by over 2%, recouping more than 10% of the drop since the outbreak of the conflict. Meanwhile, the Indian NIFTY 50 Index still lags behind in recovering losses, remaining about 4% below its previous level. Small-cap stocks are typically seen as a barometer of market sentiment. After underperforming large-cap stocks for over a year, they have once again attracted attention. In March, inflows into Indian small-cap mutual funds increased by 61% compared to the previous month, reaching 63 billion Indian rupees, as retail investors gobbled up shares that had fallen due to the conflict.