#Gate广场四月发帖挑战 4.13 Bitcoin Market: US-Iran Negotiation Breakdown Sparks Market Anxiety, Exercise Caution!
Crypto Circle: No significant whale activity on Monday!
Market Overview:
1. Negotiations between Iran and the US in Islamabad, Pakistan, have concluded, with both sides failing to reach any agreement after approximately 21 to 25 hours of multiple rounds of talks. The US side, led by Vice President Vance, proposed a “final and best plan,” emphasizing that Iran must accept its red lines, including not developing nuclear weapons and ensuring the Strait of Hormuz remains open. Iran, on the other hand, accused the US of overreaching and making excessive demands, believing the negotiations are filled with mistrust, refusing to make concessions, and stating they are not in a hurry to start the next round.
2. On April 12, according to an official tweet from the White House, “Starting today, the most elite US Navy will begin blocking all ships attempting to enter or exit the Strait of Hormuz.” — Overall, the core disagreements in the US-Iran negotiations remain unresolved, with regional and global risks still present! In this context, Bitcoin, as a risk asset, is more sensitive, with limited upward potential. It is more appropriate to short near resistance levels!
Daily Chart: The current price remains around 71k, with the MACD golden cross and green energy bars shrinking, and a death cross beginning to form compared to previous levels.
Over the weekend, bullish momentum weakened. Today, focus should be on whether the 70k level holds. Staying above this level suggests continued upward potential for the bulls, while falling below could cause the price to re-enter a bearish atmosphere.
Overall, trading should emphasize defending the 70k integer level, and short positions near resistance are appropriate!
On the upside: initial resistance at the April high of around 73,288, with further attention to the 76k level.
On the downside: initial support at the 30-day moving average around 69,599, with further support near the lower Bollinger Band at approximately 64,640.
This article is for sharing purposes only and not investment advice!
Crypto Circle: No significant whale activity on Monday!
Market Overview:
1. Negotiations between Iran and the US in Islamabad, Pakistan, have concluded, with both sides failing to reach any agreement after approximately 21 to 25 hours of multiple rounds of talks. The US side, led by Vice President Vance, proposed a “final and best plan,” emphasizing that Iran must accept its red lines, including not developing nuclear weapons and ensuring the Strait of Hormuz remains open. Iran, on the other hand, accused the US of overreaching and making excessive demands, believing the negotiations are filled with mistrust, refusing to make concessions, and stating they are not in a hurry to start the next round.
2. On April 12, according to an official tweet from the White House, “Starting today, the most elite US Navy will begin blocking all ships attempting to enter or exit the Strait of Hormuz.” — Overall, the core disagreements in the US-Iran negotiations remain unresolved, with regional and global risks still present! In this context, Bitcoin, as a risk asset, is more sensitive, with limited upward potential. It is more appropriate to short near resistance levels!
Daily Chart: The current price remains around 71k, with the MACD golden cross and green energy bars shrinking, and a death cross beginning to form compared to previous levels.
Over the weekend, bullish momentum weakened. Today, focus should be on whether the 70k level holds. Staying above this level suggests continued upward potential for the bulls, while falling below could cause the price to re-enter a bearish atmosphere.
Overall, trading should emphasize defending the 70k integer level, and short positions near resistance are appropriate!
On the upside: initial resistance at the April high of around 73,288, with further attention to the 76k level.
On the downside: initial support at the 30-day moving average around 69,599, with further support near the lower Bollinger Band at approximately 64,640.
This article is for sharing purposes only and not investment advice!
