Brothers, the Strait of Hormuz is closed again, U.S.-Iran negotiations are disrupted, and the crypto market faces short-term pressure! Crude oil pushes inflation, rate cut expectations are delayed, BTC initially under pressure then shifts to safe-haven narratives. Hold your hands, reduce leverage, and wait until the negotiations are finalized on April 11 before taking action! Bitcoin surged then pulled back; do not chase the high!


Just a couple of days after easing tensions, the situation has changed again, with the strait being reopened, Iran starting to settle tolls with Bitcoin, and oil prices facing upward pressure once more.
Market situation:
Last night, BTC surged to 72,857 before pulling back. Currently, it is fluctuating around 70,600, with clear resistance above 72,000 on the 4-hour chart. Support has shifted down to the 70,000-69,000 range, with resistance at 73,000.
ETH remains volatile around 2,180, unable to break through 2,300 effectively, making a big move unlikely.
Contract strategy:
Buy on dips around 70,000, control leverage, strictly avoid holding large positions. News can change the market at any time, and chasing high at this level is very risky.
Remember: the current ceasefire is very fragile, and real negotiations won't start until the 11th. Protect your principal above all else.
BTC-1%
ETH-2.96%
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