$ETH The ongoing tension in US-Iran relations and the blockade of the Strait of Hormuz

risks are rising, with regional conflicts continuously escalating; Federal Reserve
Chair Jerome Powell delivered hawkish remarks, reigniting expectations of rate hikes,
the US dollar index strongly rebounded, global liquidity tightened, and risk assets
came under overall pressure.
Bitcoin fell below the key support of 75,000 intraday, with the daily chart
showing a bearish arrangement, MACD forming a death cross downward,
indicating a significant increase in bearish momentum; the 4-hour rebound was weak,
price continued to be pressured below the moving averages, the downward channel opened,
and the weak trend became clear.
Driven by geopolitical risks, safe-haven funds shifted into the US dollar,
coupled with tightening expectations, leading to a large outflow of funds from the crypto market,
with long positions mainly exiting, further accelerating the decline.
In the short term, the trend is clearly weakening, and it is recommended to maintain a
high short position strategy, avoiding blindly bottom-fishing.
Trading advice: look for short opportunities around 75,000-75,500,
targeting the 72,000 area, with stop-loss based on individual positions.
#KelpDAO attacked by a vulnerability: lost 116.5k ETH and $BTC