#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, four days ago, a high-level profit-taking and liquidation of $398 million long positions occurred, and today, after a pullback, new long positions were reopened. Currently, two wallets have opened 44k ETH long positions, with a cost basis of $2,289.
3. On April 20, according to monitoring, a whale sold at an average price of $2,300 this morning.

Market aspects:
1. On April 20, it was reported that on April 19, Israeli Prime Minister Netanyahu, during a meeting with visiting Argentine President Milei, said, "Israel and the U.S. have not yet finished their strike operations against Iran."
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 U.S. Meanwhile, U.S. forces attacked an Iranian commercial ship, forcing it to return.
3. U.S. media: The U.S. claims Vance will lead a delegation to Islamabad to restart negotiations, with Iran suspecting 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 U.S. 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, buying near support levels is advisable, and near resistance levels, it may be appropriate to short.

Daily chart level: The price has fallen below the 76k mark. KDJ death cross appears, MACD is in a golden cross, indicating weakened upward momentum. However, the current 7-day strength indicator RSI is at 54, slightly favoring the bulls. The 74k level is an important current node; holding this level provides a solid foundation for further upward movement. Overall, near support levels, buying actions can be considered, but keep positions light. Near resistance levels, consider shorting.

Upside: Initial resistance is near the upper band of the Bollinger Bands at around 78,366, with further resistance at the 80k mark.

Downside: Initial support is near the intraday low of around 73,666, with further support at the 30-day moving average of approximately 69,754.

Investing involves risks; enter the market cautiously.