4.12 Bitcoin Public Outlook


Today's Core News (directly affecting the market)
Negotiation Hit a Wall (Main Reason): The expected bullish agreement was not reached, and risk sentiment quickly cooled
Plunge + Liquidation: $306 million liquidated across the entire network in 24h, long positions liquidated for $166 million
Macro: US CPI met expectations, but the high-interest-rate environment still weighs on risk assets
Technical Analysis: Rapid pullback from the 73,000 peak, short-term weakness
Key Levels
Strong Support: 70,500 ~ 70,000
Secondary Support: 69,000 ~ 68,500
Resistance: 72,500 ~ 73,000
Trading Suggestions
1. Short
Rebound to 72,000 ~ 72,500—open a light short position
Stop loss: above 73,200
Targets: 71,000 → 70,500 → 70,000
2. Long
Pull back to 70,000 ~ 69,500, consider going long again after it stabilizes
Stop loss: below 69,000
Targets: 71,500 → 72,000
The market is sluggish over the weekend, but you can watch the news to make the corresponding decisions. $BTC #Gate现货衍生品双双冲进全球前三
BTC-1,51%
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GateUser-e56dabd4
· 3h ago
4.12 Bitcoin Public Outlook
Today's key news (directly affecting the market)
Negotiations hit a snag (main reason): The expected favorable agreement was not reached, risk sentiment quickly cooled down
Plunge + Liquidations: $306 million liquidated across the entire network in 24 hours, long positions liquidated for $166 million
Macro: US CPI met expectations, but high interest rate environment still suppresses risk assets
Technical: Rapid decline from the 73,000 high point, short-term weakening
Key levels
Strong support: 70,500 ~ 70,000
Secondary support: 69,000 ~ 68,500
Resistance: 72,500 ~ 73,000
Trading suggestions
1. Short
​Rebound to 72,000 ~ 72,500, take light short positions
​Stop loss: above 73,200
​Targets: 71,000 → 70,500 → 70,000
2. Long
​Pullback to 70,000 ~ 69,500, consider going long after stabilization
​Stop loss: below 69,000
​Targets: 71,500 → 72,000
Weekend market is sluggish, but you can monitor news for making appropriate decisions. $BTC #Gate spot and derivatives both rank among the top three globally
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