The weekly chart is still up 4.5%. Even if a Middle Eastern black swan crashes down, it hasn't broken the trend. When the Hormuz opens and closes, the market's like a roller coaster.

ME News on April 18 said that volatility in the Middle East caused Bitcoin to pull back to around $76,000. Iran had previously reopened the Strait of Hormuz, creating additional pressure, but later closed the waterway, reversing market sentiment. This round of liquidations involved about 168,336 people, with a total amount of $762 million, and a short squeeze of approximately $593 million. The weekly chart is still up by about 4.5%. Watch the $76,000 support level—if it closes above this level or breaks through it, the uptrend may continue; otherwise, it could return to the consolidation range seen since March.