The breakdown of US-Iran talks has sharply increased the risk of geopolitical conflict. Trump announced that the U.S. military would blockade the Strait of Hormuz, and Iran insists on not abandoning its nuclear program, leaving the situation tense again.

Crude oil futures surged by 8% during the trading session, spreading global risk-avoidance sentiment, while gold and silver weakened in tandem. The crypto market came under pressure, with BTC continuously dropping from its $72,500 high, breaking below the $71,000 level.
BTC’s swing trend is bearish and its structure is weak. If it falls below $70,400 and there is no strong rebound, the outlook is for the $60,000–65,000 liquidity range; if it rebounds to $72,000–$73,000, it can be added with a small amount on the short side, and if it breaks above $73,800, the current approach is no longer valid, with wave trading as the main focus. #比特币btc##以太坊eth##币圈##区块链#$BTC ‌$ETH ‌