4.13 Morning Bitcoin Outlook: Due to news influence, the bulls have no hope of rising, and the bears are dominant!

BTC recently touched around 73800, setting a recent high.

From the perspective of the larger cycle, the price had previously shown a one-way upward pattern, and after the U.S. and Iran announced a ceasefire, the market continued to climb.

However, yesterday the U.S.-Iran negotiations failed, and BTC was already in a pressured pullback position. External news further pushed the move downward, and a single big bearish candle stood tall—causing the price to plunge sharply in the short term, once again falling back to around 71000.

As you can see, under the influence of external news, the trend has reversed, showing a clear one-way downtrend. The intraday low touched 70500, with a drop of more than 3000 points.

The news outlook is not favorable for the market to continue rising; afterward, it is highly likely to keep moving lower.

The current price is running around 71000. In the short term, the bulls may see a small rebound, but it does not change the overall downtrend. In terms of strategy, the main focus is to build short positions at high levels.

Short around 71800, target around 68800#Gate上线Pre-IPOs