#Oil tankers in the Strait of Hormuz come under repeated attacks as U.S.-Iran talks continue. Geopolitical risks and prolonged negotiations are weighing on BTC, which has pulled back 2.6% today. I expect a short-term bearish bias, but chasing the decline with shorts is unwise.

The 4-hour chart remains in an uptrend, but the 1-hour chart has turned downward. The price has retreated 3.7% from the high of 85,635.4, and the current price of 83,403.5 is just 0.5% above the 24-hour low of 82,700. Trading volume is subdued at 8.278 million, while the funding rate of 0.0041% shows that longs are still willing to pay. The order book's bid-to-ask ratio is 0.87, giving sellers a slight edge; sell orders in the top 10 levels total 1,253, outweighing buy orders at 1,088.

Strategy 1: Short lightly on a rebound to 83,865, with a stop-loss at 84,720 and a target of 81,735. Strategy 2: If the price plunges to 81,930 and stabilizes, consider a short-term long, with a stop-loss at 81,160 and a target of 83,470. Keep each position to no more than 5%; exit as soon as the level breaks, and don't hold onto losing trades.

——Just my personal opinion; this is not investment advice. Wishing you successful trades.——

$BTC#Tankers have been attacked one after another in the Strait of Hormuz, while US-Iran negotiations continue