Driven by both eased geopolitical risks and Bitcoin's continuous rally, the TURBO contract has seen a significant increase in market risk appetite, with strong performance in price and volume. Technically, TURBO broke effectively through the 1.14–1.16 resistance zone, with short-term focus on the 1.30 to 1.35 pressure area as upward momentum remains sufficient. If a pullback occurs, 1.20–1.22 is a key support area. Strategy recommendation: Mainly follow the trend, closely monitor Bitcoin's movement and macro liquidity changes. Mid-term, remain vigilant against systemic correction risk and manage position sizes.

Recently, the US-Iran tensions have eased, leading to a visible rebound in market risk appetite. Since April 9, the TURBO contract price rapidly rose from 0.9958 to 1.0704, with average daily trading volume significantly increasing, indicating that investors actively allocated to high-risk assets during the geopolitical easing window. The S&P 500 logged its first weekly gain in six weeks, and implied volatility in options decreased, providing macro liquidity support for digital assets. In the short term, the market has viewed potential conflict escalation as a buying opportunity, resulting in buy-side dominance for TURBO amid the long-short tug of war.

As US-Iran tensions ease, Wall Street adopts the "TACO trade" strategy—betting that Trump's tough geopolitical rhetoric will ultimately lead to compromise. Investors view conflict escalation as a buying opportunity, reflected in the S&P 500's first weekly gain in six weeks and low option risk premiums. While some see this as a highly profitable cycle, others warn that market complacency may encourage riskier policies and increase tail risks.

"TACO Trading" Dominates the Market: Investors Bet on Trump "Ultimate Pressure Will Eventually Back Down," Buying the Dip Becomes the Mainstream Strategy

Since Bitcoin broke above $74,000 on April 14, it has repeatedly tested the key resistance zone near $75,000, where negative gamma effects may exacerbate small fluctuations. TURBO, which is highly correlated with Bitcoin's trend, was also affected—trading sideways during Bitcoin’s surge, then following upward the next day. This round of Bitcoin movement validates the derivatives market’s sensitivity to critical thresholds and brings volatility release opportunities for leveraged products like TURBO contracts. If Bitcoin stabilizes above $75,000, it could further boost short-term liquidity and buying confidence in the digital asset sector.

From a technical perspective, the TURBO contract price, after reaching a high of 1.1344 on March 22, experienced a volatile pullback, then gradually gained momentum after bottoming at 0.9522 on April 6. The strong bullish day on April 16 closed at 1.2762 with trading volume expanding to nearly 9.5 million, confirming a strong breakout. On the daily chart, the current price has broken above the previous 1.14–1.16 resistance zone. Short-term, attention should be paid to the 1.30 psychological level and the 1.35 pressure line. If a pullback occurs, watch for support in the 1.20–1.22 region. Overall, bullish sentiment remains strong. Continue to monitor macro and Bitcoin developments for short-term volatility, while remaining cautious of potential systemic tail risks in medium-term positioning.

Turbo

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Turbo Price: TURBO Live Price Today | TURBO Market Cap & Chart Analysis | Bybit

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TURBO price today is 0.00, with a live price change of -5.09 in the last 24 hours. Convert, buy, sell and trade TURBO on Bybit.

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