Bitcoin is currently in a relay triangle consolidation and observation stage. The March 12 news of Iran's attack on a US cruise ship has pushed crude oil closer to $100, escalating geopolitical risks a second time, and the bearish macro logic continues to strengthen. On the technical front, the daily chart closed as a doji (relay formation), the 4-hour MACD continues with volume contraction and a bearish bias, direction remains unclear but downside pressure persists. Operationally, maintain short positions near 70,000 awaiting direction confirmation; today's key focus is on the 72,250～72,600 bearish butterfly short position (first profit target must execute quickly); after the triangle breaks downward, take rebound long positions at 67,400 / 66,250 support levels (strict small stop-loss and quick profit-taking); keep 75,100 left-side short positions on standby without rushing; for ETH, BlackRock's ETF launches on Nasdaq this Thursday - remain highly vigilant of "good news landing" risks, historical precedent is clear. The large-scale 57,700～56,600 golden pit spot DCA strategy remains unchanged.