$BTC April 13 Cryptocurrency Market Overall Analysis

Today, the crypto market is affected by escalating geopolitical conflicts, showing a generally volatile downward trend, with risk aversion significantly increasing. Bitcoin briefly retreated to around $70,600, down approximately 3.5% over 24 hours, while Ethereum weakened simultaneously, dropping over 4%. Mainstream coins generally declined by 3%-6%, small and mid-cap altcoins saw liquidity contraction, with declines mostly exceeding 10%. Over the past 24 hours, over $280 million in liquidations occurred across the network, mostly affecting long positions.
From a technical perspective, BTC has fallen from previous highs, with a clear bearish trend on the 4-hour chart, and the $70,000 level remains a key short-term support. On the macro level, funds are withdrawing from risk assets like cryptocurrencies and shifting toward safe-haven assets.
In terms of sectors, BTC and ETH are relatively resilient against declines, while AI, DeFi, and altcoin sectors have experienced larger adjustments. In the short term, the market remains mainly oscillating and weak, with increased volatility risk. In the medium term, attention should be paid to geopolitical developments. Continuous inflows into institutional ETFs provide some support for the market. It is recommended to strictly control positions and stop-loss levels during trading.
Warm reminder: Cryptocurrency prices are highly volatile. The above content is only market analysis and does not constitute any investment advice.