Iran has announced plans to fully blockade the Strait of Hormuz


BTC broke below 70k and has now rebounded back to 70k
65000 is the core strong support level for this rebound
It serves as both the previous rally starting point
and the institutional chip concentration area
If this level can hold
there should still be a decent rebound
Personally, I believe the major trend will see another decline
The bottom will only emerge then
It depends on when 65k support breaks
The current overall market rhythm remains in a range-bound consolidation pattern
Trading suggestions:
Bitcoin 74k-75k sell in batches
65k-66k buy in batches
BTC-0.48%
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