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The daily chart still shows a somewhat weak trend, with yesterday's daily candle being a solid bearish candle. Overall, it is in a consolidation phase after a decline, with a broad range roughly between 74,000 and 65,000.
From a news perspective, the US-Iran negotiations have broken down, the US has started to blockade the Strait of Hormuz, and as long as Trump doesn't come out and make a statement, the news sentiment remains bearish.
Short-term support below BTC is at 70,500. If this level is broken, it is likely to continue testing 69,000. This area is a key boundary between bulls and bears. The strength or weakness of the market will mainly depend on how it reacts here, which will then determine the next direction.