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$BTC Monday, April 13, current quotes are around 708. It’s normal for the market to be bearish after the Iran-U.S. talks collapse. Today, focus on the following key levels.
1. Multiple attempts to break through 730-738 have failed to stabilize. This is a perfect shorting point. Based on recent information, it’s a bit difficult to reach 738 again.
2. Support level at 698-702 on the four-hour chart; consider buying near 705 with a target of only 715-720.
3. On the hourly chart, a small pullback can occur between 707-705 during the white session. The space won’t be too large.
4. A volume-supported break below 705-702 will consume the rally from April 8, with the target around 685.