Evening BTC/ETH Market Forecast and Analysis

Trump announced the breakdown of US-Iran nuclear talks and immediately blocked the Strait of Hormuz, causing a sharp rise in global geopolitical risk. Hit by risk-avoidance sentiment, BTC and ETH saw a short-term plunge. Currently, BTC is trading at $71,025 and ETH at $2,194. The two major coins are completely synchronized; overall, after panic is released, the market shows a weak consolidation pattern, followed by a search for a bottom.

Tonight, BTC will undergo weak consolidation around the $70,800–$71,800 range. It will first digest panic sentiment in the $71,000–$71,500 range, and then bearish momentum will continue, testing the key support at $70,800 downward. Near the support level, a modest rebound will appear, but it will be difficult to break through the strong resistance at $71,500–$71,800. Ultimately, it will end with weaker consolidation within the range, and the overall gravity will keep shifting downward. ETH will follow BTC and weaken in sync completely. Tonight’s key fluctuation range for ETH is $2,180–$2,220. It will first trade sideways and range between $2,190–$2,210, and then, following BTC’s probe down to test the $2,180 support, rebounds will lack strength to break through the $2,220 resistance. Overall, it will maintain a weak downward pace, with no chance of independent strength.

Trading Suggestions:
- BTC: Lightly short in the $71,500–$71,800 range, with a stop-loss above $72,000, targeting $69,800–$70,500;
- ETH: Lightly short in the $2,210–$2,220 range, with a stop-loss above $2,230, targeting $2,150–$2,170;
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