4.12 BTC/ETH Market Analysis | Strategy Update



The US-Iran negotiations have broken down, triggering a risk-off sentiment. Bitcoin rapidly plummeted, falling from around 73,000 to approximately 71,400, with the market showing strong bearish dominance.

Technical signals:

· Daily chart shows obvious bearish divergence, MACD is about to form a death cross
· Resistance at 73,000 is strong overhead pressure, 70,500 is the bulls' lifeline
· If 70,500 is effectively broken downward, bears will target the 68,000 level

Today’s outlook: rebound and short at high points, do not chase longs.

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BTC Trading Strategy

Short positions: in the 72,000-72,500 range, stop-loss above 73,200, targets at 71,300 and 70,400

Long positions: in the 70,600-71,000 range, stop-loss below 69,800, targets near 71,100

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ETH Trading Strategy

Short positions: in the 2,225-2,235 range, stop-loss above 2,265, targets at 2,175 and 2,155
Long positions: in the 2,155-2,165 range, stop-loss below 2,135, targets at 2,205-2,225

Recent news dominates the market; strictly adhere to stop-loss and manage your positions carefully!
BTC-2,29%
ETH-3,61%
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