4.13 Bitcoin Daily Market Analysis


Affected by the breakdown of US-Iran negotiations and escalating Middle East tensions, risk sentiment has weakened, leading to a day-long oscillation and decline, dominated by bears.
Current price around 71,100, with a retreat from the high during the day and a weak oscillation, indicating insufficient bullish rebound strength.
Resistance clearly at 71,800-72,200, with key support at 70,500-70,000.
The overall trend remains weak and oscillatory, with a higher probability of decline than rebound. A short-term bearish outlook is preferred.
BTC-0.74%
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