After a wave of decline, Bitcoin did not break 735 and started to rebound.

The resistance zone for the rebound is between 765-755.
If it cannot break through this range, it will still maintain a downward trend on the daily chart.

Previously analyzed levels are 750, 710, 695-680, among which 750 has already been broken.
Support at 750 has turned into resistance, and this afternoon it has been hovering around 750.

Tonight, watch the US market.
Personally, I think it will still fall further, finding support around 710.
If it holds support around 710 for a while, it will break below 7 and return to the 6s.

After last week's altcoin frenzy, a big drop is coming following a wave of distribution.

Before the US-Iran war, the market kept rallying on Trump’s positive signals, and even when Iran denied, it didn’t fall much.
Now, a reversal is imminent.
No matter what Trump says about positive news, it won’t rise; if Iran denies him, it will plunge sharply.
Don’t rely on habitual thinking; follow the market structure.

LayerZero, as the biggest cross-chain leader, was hacked for 290 million, causing a complete collapse of DeFi.
This is the black swan I warned about earlier.
At that time, AAVE’s security team resigned, which was a warning sign.
I’ve been bullish on AAVE, but now I advise everyone not to buy it.
Let’s wait and see.

This is not the first black swan, and there will be more.
Stay alert and defensive recently.
Don’t be reckless, and don’t be fooled just because a wave of altcoins has been pumped.
‍$BTC