【April 12】 Bitcoin / Ether Market Analysis Strategy

Negotiations fall apart, and Bitcoin plunges! 70,500 is the last line of defense for the bulls

With the U.S.-Iran negotiations failing to reach consensus, Bitcoin drops on cue
73,000 → 71,400, the bulls are pressed and rubbed into the ground

Market signals:
Daily bearish divergence at the top, MACD is about to form a death cross
73,000 strong resistance, 70,500 lifeline
Break below 70,500 → look down to 68,000

Sell the bounce from above; don’t chase longs. Don’t bottom-fish until it holds above 72,000. Once 70,500 is broken, go short all the way to the downside. A sentiment-driven market—survive first, then talk.

April 12 Bitcoin trading strategy:
1、Short at 72,300-71,500, protect above 73,200, target 71,300-70,400
2、Long at 70,400-71,200, add near 69,100; room for adding is around here, protect within 800 points, target around 72,100

April 12 Ether trading strategy:
1、Short at 2,235-2,205, protect above 2,265, target 2,175-2,155
2、Long at 2,145-2,170, add near 2,090; room for adding is around here, protect within 40 points, target 2,205-2,225

$BTC $ETH $GT #Gate现货衍生品双双冲进全球前三