4.6 Monday Midday Market Analysis

After a few days of rest, Brother Jie is returning to serious work mode.
1. Cryptocurrency suddenly surges! On April 6th during the Asian trading session, Bitcoin briefly broke through $69,000, and Ethereum rose over 2%.
While the crypto world is celebrating, the Middle East tinderbox has been fully ignited. The Iranian military directly fired back: Trump and the US military are now in an irreparable embarrassment! It is reported that Iran used electronic warfare and modern air defense systems to shoot down multiple enemy aircraft, including two "Black Hawks." After being surrounded, the US military, to avoid embarrassing Trump, actually destroyed the downed planes and equipment themselves...
Meanwhile, Iran launched three rounds of missile attacks at Israel, with at least 10 missiles carrying cluster warheads. Trump angrily tweeted: "Open the Strait of Hormuz immediately!" and issued a tough warning: "April 7th is Iran's Power Plant Day and Bridge Day," clearly aiming to target infrastructure.
Iran's top leader advisor is not joking: "If you make another stupid mistake, we will not only block the Strait of Hormuz but also seal the Mandeh Strait!" Anyway, the Houthi armed forces are in that territory, so they can seal it at will. Global energy and trade? Forget it.
In summary: Big swings in the crypto market, and the Middle East conflict escalation. Trump is not backing down verbally, but Iran has solid evidence. In the coming days, there may be significant actions.
2. From a technical structure perspective, on the daily chart, the current channel is forming a downward opening state, with the midline under severe pressure, cascading downward. The bearish volume is effectively aligned, and moving averages are reversing downward in a looping manner.
From the four-hour technical view, the price channel continues to fluctuate slightly downward, with bearish volume release limited, slowly descending in a stepwise manner. Moving averages are gradually trending downward, and on smaller timeframes, the market remains oscillating downward to build a bottom and adjust. The transition of volume between bulls and bears continues to drive the oscillating sentiment. For the next steps, we can consider high short positions.
BTC Trading Suggestion: Short around 69,500, target 68,500-66,500. Stop-loss above 70,500; if broken, continue to look lower.
ETH Trading Suggestion: Short around 2,140-2,170, target 2,080-2,030, stop-loss near 2,200; if broken, continue to look below 2,000.
Not recommended for advanced traders; strictly set stop-losses. Take profits based on individual judgment. $BTC $SOL $ETH