2026-03-23 05:20:55

Today, BTC was impacted by Middle East geopolitical conflicts, with increased volume and downward exploration; short-side forces dominate in the short term. However, institutional capital is flowing in against the trend, and on-chain chips are tightening. The 67,000—68,000 range is a key battleground between bulls and bears.

**Political factors:** Trump's 48-hour ultimatum to Iran + Strait of Hormuz transit plummeting 95%; oil prices surging and risk-off sentiment intensifying, leading to crypto market selloffs.

**Technical factors:** BTC 4-hour uptrend has broken down, with continued weakness on the chart. I recommend focusing on short-selling rebounds in the current phase as a safer approach, with subsequent layered limit orders placed below based on daily trendline and lower support.

**Today's trading recommendations:**

Short rebounds at 69150—69600, stop loss at 70200, targets at 68500—66300

BTC-0,1%

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