🚨 Tensions flare again in the Strait of Hormuz as Bitcoin falls below $64,000!

Earlier in the day, Bitcoin briefly surged to $65,000, then quickly pulled back and slipped back into a key range.

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📉 The reason behind it:
Rising tensions between the US and Iran have intensified market risk-aversion once again.
At the same time, the situation in the Strait of Hormuz has drawn attention from the energy market.
Oil prices are rising, which is adding pressure to global risk assets.

The market is currently watching two key levels:
🔹 $65,000:
An important resistance zone where longs and shorts are battling
🔹 $63,800:

In the short term, besides geopolitical developments, this week’s US inflation data may also become an important factor affecting the market.
As for this pullback in Bitcoin—will it be only a short-term consolidation, or does it signal a change in trend? 🤔

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