Iran has announced plans to fully blockade the Strait of Hormuz. BTC has fallen below 70k but has now rebounded to 70k. 65,000 is the key strong support level for this rebound. It is both the previous starting point of the rally and an area with concentrated institutional holdings. If this wave can hold the support, there will still be a good rebound. Personally, I believe the overall trend will experience another decline before reaching the bottom. It all depends on when the 65k support level is broken. The current market rhythm remains within a range-bound consolidation. Trading suggestions: Short Bitcoin in batches at 74k-75k; buy in batches at 65k-66k.

BTC3,74%

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