4.13 BTC Midday Analysis

The U.S.-Iran negotiations have broken down, tensions in the Middle East remain high, and market risk-averse sentiment is rising. With risk assets under collective downward pressure, risk appetite is weighed down. Combined with today’s U.S. Senate reconvening to deliberate on legislation related to the crypto industry, short-term price fluctuations are extremely strongly disturbed by news-driven factors.

Key support levels are layered during the day. 70,000-70,500 is the current low point and a key psychological support level. The secondary defense is located at 69,000-69,500; resistance above is built up in layers, with 71,500-72,000 as the first short-term resistance, and 72,800-73,000 as a strong pressure wall.

In terms of positioning, prioritize setting low-level long orders within the 70,000-70,500 range. Place the defensive stop-loss below 69,500. For stepwise take-profit, first look at 71,500, then follow up at 72,800. After the price rebounds to 71,500-72,000 and faces resistance, follow through with range short positions. Move the stop-loss to above 73,000, and the targets are sequentially 70,000 and 69,000.

The overall market structure is clearly divided. As long as the 70,000 level is held, the market maintains a range-bound but slightly bullish oscillation, and the upside targets are locked at 71,500-72,800. Once there is an effective breakdown below 70,000, the downside space opens up fully, with a deep look toward 69,000-68,500. Overall, during the day, the strategy is mainly low-buy longs near 70,500, with range short positions on rebounds above 71,500 as a supplement; capture the range swings in both directions with flexibility. $BTC $ETH $BNB