#Gate广场四月发帖挑战 Peace talks completely break down! Fighting flares up again in the Middle East, BTC plunges by over 2%, 100,000 traders liquidated—crypto market roiled!

【Breaking: US-Iran negotiations fail, a geopolitical storm hits】
On April 12, local time, after 21 hours of intensive negotiations, the third round of high-level talks between the US and Iran in Islamabad was declared a failure, as both delegations left one after another.
The US proposed harsh terms such as “joint management of the Strait of Hormuz, restrictions on nuclear programs,” which Iran firmly rejected. Vance said directly that “there are huge differences.” Middle East risk-aversion sentiment instantly surged, and global risk assets collectively plunged.

【Today’s Market: BTC crashes, ETH follows down, total liquidations across the entire network reach $283 million】

• BTC: After surging to $73,773, it quickly dropped, with the low reaching $71,355, down more than 2% over 24 hours

• ETH: Weakens in sync, falls below $2,300, down more than 1% over 24 hours

• Market data: Over 100,000 liquidations across the entire network in 24 hours, total amount $283 million

• Sentiment: Fear and Greed Index falls to 20 (Extreme Fear), as funds flee to safety

【Big V’s views: Dove & Vivian latest interpretations】

• Dove: The failure of the peace talks directly triggers a short squeeze for bearish positions; 73,500-74,000 becomes a strong pressure zone. Before BTC holds above 74,000, beware of a second drop into the 68,000-70,000 range; the focus is on taking profits and cutting exposure with quick buys and sells in the short term—don’t chase rallies or sell in panic.

•Vivian: High-level stagnation + a pullback with a bearish candle, bullish momentum runs out; ETH’s key support is 2,250-2,280—if it breaks, look to 2,200-2,220; pressure is 2,330-2,350-2,376—on rebounds, mainly consider shorting at highs
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【Technical structure and on-chain funds】

• BTC: The 4-hour chart breaks below the rising trendline; the Bollinger Bands tighten, with a sideways-to-bearish bias. Exchange net outflows intensify—retail investors try to buy the dip while big holders cut positions.

• ETH: The Cancun upgrade is approaching, but near-term pressure remains; the 2,300 level is fought over repeatedly. Layer 2 funds rotate out, in tandem with BTC’s weakness.

【Key levels (4.12)】

• BTC: Pressure 73,500-73,773-74,000; Support 72,000-71,300-70,500

• ETH: Pressure 2,350-2,376-2,400; Support 2,280-2,250-2,200

【One-sentence summary】
The failure of the peace talks ignites geopolitical risk; BTC’s plunge from the high enters a correction cycle. In the short term, strictly control positions and trade quickly in and out—if it breaks below 72,000, further look down to 68,500; if it holds above 72,500, then watch for a range-bound recovery and stabilization.