Today, Bitcoin is impacted by Middle East geopolitical conflicts, with increased volume and downside exploration, with short-term bears dominating; however, institutional funds are flowing in against the trend and on-chain chips are tightening, with the 67,000—68,000 range being a key battleground between bulls and bears.

**Political Factors:**
Trump issued a 48-hour ultimatum to Iran + Strait of Hormuz shipping dropped sharply by 95%, oil prices surged, and risk-off sentiment intensified, causing the crypto market to face selling pressure.

**Technical Analysis:**
BTC's 4-hour uptrend has broken down, the market continues to weaken. Personally, I recommend that at this stage, focusing on rebound short operations would be more prudent, and then place contingent orders in batches below based on the daily trendline and lower support levels.

**Today's Trading Recommendations:**

Rebound short 69,150—69,600, stop loss at 70,200, target 68,500—66,300