Iran has announced plans to completely block the Hormuz Strait. BTC dropped below 70k but has now bounced back to 70k. 65,000 is the key strong support for this round of rebound— It’s both the previous starting point for the rally And the area where institutional chips are concentrated. If this level can hold, we could still see a decent rebound. Personally, I think the overall trend will still see another drop, And the bottom will only appear after that. It all depends on when the 65k support gets broken. The market is currently still in a range-bound consolidation phase. Trading suggestions: Bitcoin 74k-75k: short in batches 65k-66k: long in batches