The U.S. proposed during negotiations in Islamabad to suspend uranium enrichment for 20 years and to transfer highly enriched uranium out of the country. On April 13, Iran officially responded, agreeing to suspend for a maximum of 5 years, with uranium remaining within the country but significantly diluted. Trump immediately rejected the 5-year proposal. The next round of U.S.-Iran negotiations might take place on the 16th in Islamabad. Currently, there are signs of compromise from Iran, and Trump's countermeasure of blocking the strait seems to be working. BTC is back at the critical $74,000 level, which is the current life-or-death line and the battleground for bulls and bears. The mid-March high was in the $74,000–$76,000 range, with multiple attempts to break higher but falling back. The $76,000–$77,000 range above is a strong annual resistance level. Unless the U.S. and Iran reach a final reconciliation agreement, there’s little chance of breaking through. For now, it’s still a good opportunity to short.