#Gate广场四月发帖挑战 4.13 Bitcoin market: US-Iran negotiations break down, market fears, caution is advised!

In the crypto world: No significant whale activity on Monday!
Market aspects:
1. Negotiations between Iran and the US in Islamabad, Pakistan, have concluded, with both sides after about 21 to 25 hours of multiple rounds of talks, failing to reach any agreement. 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 overreach and unreasonable 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! Against this background, Bitcoin, as a risk asset, is more sensitive, with upward potential somewhat limited, and shorting near resistance levels is more appropriate!

Daily level: The price currently remains around 71,000, MACD golden cross with shrinking green energy bars, KDJ death cross initially appears compared to previous.
Over the weekend, bullish momentum weakened, and today’s focus should be on whether the 70,000 level holds. Staying above this level, the bulls still have upward potential; falling below, the price will re-enter a bearish atmosphere.
Overall, buy actions should focus on defending the 70,000 integer level, and shorting near resistance levels is advisable!
On the upside: Initial resistance at the 4.10 high point, around 73,288; further attention near the 76,000 integer level!

On the downside: Initial support at the 30-day moving average around 69,599; further support at the Bollinger lower band near 64,640.

This article is for sharing purposes only, not investment advice!