#比特币震荡走弱 Latest Market Update: Bitcoin is currently fluctuating between $68,000 and $69,000, down approximately 3.8% over the past 24 hours.

Main reason for the decline: Geopolitical risks are dominating the market. The escalation of the US-Iran conflict has caused oil prices to surge, boosting risk-averse sentiment and prompting capital to flow back into the US dollar and other traditional safe-haven assets. Meanwhile, expectations of tightening macro liquidity are suppressing the performance of risk assets.
Technical Analysis: Bitcoin has broken below the key support levels of $69,500-$70,000, with short-term bearish dominance. A bearish flag pattern has formed on the daily chart. If the price falls below the support zone of $67,500-$68,000, it could further decline to $65,000-$66,000.
Trading Strategies:
1. Conservative Strategy: Mainly observe and wait for clear stabilization signals. Consider gradually increasing positions if the price stabilizes above $70,000.
2. Aggressive Strategy: Light positions can be tried around the support zone of $67,500-$68,000, with a stop-loss below $67,000 and a target of $69,000-$70,000. A rebound near $69,500-$70,000 may be considered for short positions.
Risk Warning: Market volatility is extremely high, with over 90,000 liquidations across the entire network yesterday. Strictly control position sizes, with individual trades not exceeding 10% of total funds, and set clear stop-loss levels.