Last night and this morning, the Middle East situation directly exploded.

💥 The U.S. military launched a new round of strikes against Iran: On May 27th Eastern Time, U.S. forces airstruck an Iranian military facility that "poses a threat to the Strait of Hormuz and commercial shipping," and also shot down multiple Iranian drones.
💥 Explosion at Abadan Port again: At 1:30 AM on the 28th Tehran time, three loud explosions were heard in succession east of Abadan Port along the southern coast of the Strait of Hormuz, with air defense systems activating for several minutes. This is the second attack on Abadan Port within four days—on the night of May 25th, U.S. forces airstruck Iranian gunboats and air defense missile positions, resulting in at least four deaths.
💥 Iran’s retaliation: The Revolutionary Guard claims to have shot down one U.S. MQ-9 "Reaper" drone and one Israeli reconnaissance drone in the past four days, and has also fired at an F-35 to force it to leave Iranian airspace.
💥 Trump issues tough words: During a White House cabinet meeting, he directly warned allies in Oman—"If you don’t play by the rules, you’ll get blown up." He also said the Strait of Hormuz "is not under anyone’s jurisdiction," and threatened Iran—"Either we reach an agreement, or we finish the job."
💥 Iran’s response: The head of the Iranian Parliament’s Security Committee stated early morning—"We will not back down because of Trump’s remarks," and reaffirmed three red lines: uranium enrichment capacity, control over the Strait of Hormuz, and sanctions relief.
📍 Impact on the crypto market: BTC dropped to about $74,530, with $359 million in total liquidation over 24 hours, including $312 million in longs, nearly 90k people liquidated. Of 390 tokens, 339 declined.
But oil prices surged in the opposite direction—U.S. crude oil rebounded above $90, up over 2%, Brent crude broke above $94. Gold dipped slightly to $4,445. This is a classic "safe haven vs. risk assets" split scenario: funds flowing into oil (supply panic), withdrawing from crypto (risk appetite collapse). The Strait of Hormuz sees about 21 million barrels of oil passing daily, accounting for 21% of global oil consumption. If the strait is truly blocked, the impact would go far beyond the crypto market.

💬 What do you think:
Is BTC supported at $74k or will it continue downward? Are geopolitical conflicts usually bullish or bearish for BTC?