76k is a pretty critical level. Both bulls and bears are watching it closely—see whether it can hold on the weekly chart.

ME News April 18 reported that the volatility in the Middle East caused Bitcoin to fall back to around $76k. Iran had previously opened the Strait of Hormuz, causing further pressure, but later closed the channel, reversing market sentiment. This round of liquidations involved approximately 168,336 people, totaling $762 million, with short squeeze amounting to about $593 million. The weekly trend still shows an increase of about 4.5%, with attention on the $76k support level. If it closes above or breaks through this level, the upward trend may continue; otherwise, it could return to the consolidation range since March.