4.12 Midday Market Analysis

The latest round of negotiations between the US and Iran directly collapsed, with 21 hours of talks ending without results. The US slammed the table and walked out, while Iran said, "Don't be too greedy." The deadlock revolves around three issues: the Strait of Hormuz, where Iran wants sole control and passage fees; the nuclear issue, where the US demands Iran completely disarm and not touch nuclear activities in the future; and over hundreds of billions of frozen assets, where the US only allows buying food and medicine but not cash withdrawals.
Once the news broke, Bitcoin plummeted from $73k to break below $72k, now hovering around $71k. The entire network experienced nearly $300 million in liquidations within 24 hours, with over 100k people caught in the wave.
Why did it fall? Previously, the market was speculating on "ceasefire and peace," but once talks collapsed, funds immediately panicked and ran. Moreover, Bitcoin didn't act as a safe haven like gold; instead, it followed US stocks, fearing inflation and rate hikes.
The next 48 hours are a critical window. Trump said the outcome would be clear in 24 hours. If oil prices break through $110, inflation expectations will explode, and the crypto market could crash again.
BTC Trading Advice: Short at high levels, short at 71,800-72,300, stop loss at 74,000, take profit at 70,600-68,500
ETH Trading Advice: Short at 2,230-2,260, stop loss at 2,350, take profit at 2,160-2,080
Market fluctuations are significant, and recent news has been frequent. Cautiously, it’s better to observe more.