#Gate13周年现场直击 4.20 Bitcoin market don’t panic, still talking!

In the crypto world:
1. Bitcoin institutional activity is light,
2. On April 20, according to monitoring, 4 days ago, a high-level profit-taking and liquidation of $398 million long positions was made; today, after a pullback, new long positions were opened again. Currently, 2 wallets have opened 44,000 ETH long positions, with an entry cost of $2,289.
3. On April 20, according to monitoring, a whale sold at an average price of $2,300 this morning.
Market aspect:
1. On April 20, it was reported that on April 19, Israeli Prime Minister Netanyahu, during a meeting with visiting Argentine President Milei, stated, “The Israeli and American actions against Iran are not yet finished.”
2. On April 20, Iran’s news agency released an English message on social media, stating that Iran refuses to participate in the second round of negotiations with the US. Meanwhile, US forces attacked an Iranian commercial ship, forcing it to return.
3. US media: The US side claims Vance will lead a delegation to Islamabad to restart negotiations; Iran suspects it is a “cover for a surprise attack.”
4. On April 20, Iran reiterated plans to use the Rial as the settlement currency and to impose transit fees on ships passing through the Strait of Hormuz.
5. On April 20, Iran’s foreign minister and Pakistan’s foreign minister jointly confirmed that Tehran will continue negotiations with the US to maintain regional peace and security.
6. Overall, the market is fluctuating around the Strait of Hormuz! The market is full of uncertainties; in this context, buy near support levels, and consider shorting near resistance levels!

Daily level: The price has fallen below the 76,000 integer level. KDJ death cross appears. MACD is in a golden cross. The upward momentum of the price has weakened. Currently, the 7-day RSI indicator is at 54, with a slight bullish advantage. 74,000 remains an important level; holding this level provides a solid foundation for further upward movement. Overall, near support levels, consider appropriate buying actions. Be cautious with position sizing. Near resistance levels, consider shorting again!

On the upside: Initial resistance is near the upper band of Bollinger at around 78,366; further resistance is at the 80,000 integer level.

On the downside: Initial support is near the intraday low of 73,666; further support is near the 30-day moving average at 69,754.

Investing involves risks; enter the market cautiously.