65-66 is holding as support, right? $BTC The drop from 75 to 66 over the past week is now in front of us. Is this still just the consolidation in the 62-82 range after the big drop in early February, or will it continue to plunge and break below 6? (In other words, either completely break through the 62-82 range or just wick down and bounce back.) As for this drop from 75 to 66, I personally think the main factor is still the continued escalation between the U.S. and Iran. Plus, MSTR decided to announce selling off Bitcoin at this time, which is messing with market sentiment. And about Binance launching the U.S. stock trading section—causing crypto to "bleed out"? Honestly, that’s not really a thing. Crypto doesn’t have much "blood" to begin with. So now we’ll see how big this wave of panic sentiment gets. On-chain data shows that yesterday’s turnover was definitely massive. Also, the old guy from MSTR actually sold Bitcoin back in 2022, but then quickly doubled down and bought it back. Their next announcement is on Monday—let’s see if they say they’ve bought again. If they announce more selling, it’ll just hurt sentiment further. Early this morning, the U.S.-Iran situation escalated again. Although oil prices didn’t spike significantly, it’s still damaging sentiment. Let’s see if things can stabilize in the coming days—basically, whether the panic can be contained and not spiral further. To be honest, I don’t have a definitive answer to the initial question. On a personal level, I’d obviously prefer if we just stay in consolidation. Some of you might be wondering why I keep emphasizing the word "sentiment." Because financial markets are all about sentiment. The U.S. stock market has sentiment plus liquidity support, but Bitcoin only has sentiment. And right now, the seeds of panic are spreading...