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4.13 Monday BTC.ETH Latest Thoughts
The Israel-Palestine negotiations have broken down, the risk of geopolitical conflict has warmed up again, and market risk-avoidance sentiment has spread rapidly; overall, it remains bearish.
Driven by the news, international crude oil opened sharply higher, gold opened lower and traded in a range, while overall cryptocurrency volatility is relatively limited; focus on sentiment changes during the Asia and Europe sessions.
After Big Cake experienced repeated dips one after another on Saturday, it is still consolidating below 72,000; this level is the resistance area from yesterday’s rebound. In the short term, plan short positions with 72,000 as the suppression zone, around 72,000.
Short near 72,000 for Big Cake, targeting 69,500 and 68,500;
Short near 2,210 for Ethereum, targeting 2,140 and 2,100.
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