Major geopolitical news broke over the weekend, and the market directly gapped and moved into volatility at the open.

On July 12 in Iran local time, the U.S. Central Command, following instructions from the Trump administration, carried out this week’s third round of military strikes against Iran. The main airstrikes targeted Iran’s air-defense missile positions, Revolutionary Guard fast-boat bases, and military facilities along the southern coastline, precisely hitting multiple key military targets. In response, Iran’s Islamic Revolutionary Guard Corps Navy made a tough countermeasure at around midnight on the 12th: starting immediately, it officially blocked the Strait of Hormuz, prohibiting all vessel passage, directly cutting off this global core energy transportation route, and tension across the Middle East instantly surged.

This round of direct hard confrontation between the U.S. and Iran shattered the previously brief easing and also became the biggest trigger for the market’s open this week.

Last week, we kept watching price rise all the way up until around “Big Cake” 64 and reminded that the whole line could be exited. Next, the trend still remains: wait for a change and then look for a pullback to continue laying positions. A brief correction won’t affect the overall走势. On the daily chart, support is near the middle band at 618. On the 4-hour chart, a short-term break below the lower Bollinger Band occurred. As long as the market continues to trade above 618, the key node remains unchanged.

BTC trading suggestion: 617-62050 go long; defense: 61000; target: 633, break through to watch 639#伊朗宣布关闭霍尔木兹海峡 $BTC