BITCOIN - A break below 70,000 will trigger a further decline Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PRLindaBTCUSDT.P , once again under the guise of a local bull run, is reminded that the market is still bearish. The fundamental backdrop has shifted sentiment. The market may decline... The main issue is geopolitics. Negotiations between the U.S. and Iran have collapsed, which has once again intensified pressure on the cryptocurrency market. Bitcoin failed to break through the 74K–75K resistance and has resumed its sell-off. The negative fundamental backdrop has intensified the pressure. The price, in a liquidation phase, halted at the 70,430 support level and formed another trigger. The asset is trading in a local pre-breakout range of 70,430–71,400. A consolidation is forming; a break of support could trigger a distribution phase toward 68,300–66,700 Resistance levels: 71,420, 72,500 Support levels: 70,430, 68,300, 66,650 A consolidation is forming at the lower end of the 70K–74K trading range. This pattern generally suggests that the market is preparing to break out of the range to the downside. A break below support could trigger a further decline toward key support levels. Best regards, R. Linda!