Bitcoin is currently in a relay triangle consolidation and observation phase. On March 12, the news of Iran's attack on a U.S. cruise ship pushed crude oil close to $100 again, upgrading war risks to a secondary level, and the bearish macro logic continues to strengthen. On the technical side, the daily chart closed a doji (relay model), and the 4-hour MACD shows continued volume contraction with a slight bearish divergence—direction remains undefined but downside pressure persists. On the operational level: maintain short positions near 70,000 and wait for direction confirmation; focus today on 72,250-72,600 bearish butterfly shorts (first take-profit must be executed quickly); after the triangle breaks downward, place rebound longs at 67,400/66,250 tiers (strict small stop-losses with quick profit-taking); keep 75,100 left-side shorts on standby, no rush. For ETH: BlackRock's ETF landing on Nasdaq this Thursday requires high vigilance regarding "positive news landing" risks—historical precedent is clear. The major level 57,700-56,600 golden dip spot DCA strategy remains unchanged.