Consolidation,with a potential H1 trendline breakout to downsideBitcoin / U.S. dollarBITSTAMP:BTCUSDFM-ForexMastermind🔶 BTC UPDATE 👉 Bitcoin is trading under pressure following geopolitical tensions after Donald Trump announced a potential retaliation by blocking the Strait of Hormuz, as ceasefire negotiations between the US and Iran failed to reach an agreement. The 3% drop in Bitcoin on Sunday, coinciding with the news release, reflects bearish sentiment across the crypto market. 👉 A decline in BTC futures Open Interest further indicates that traders’ risk appetite has weakened, adding to the downside pressure. 📌 Technical Outlook 👉 Price rebounded toward the 71,500 zone after a sharp drop to the key level around 70,600. 👉 Currently consolidating around the trendline, with a potential continuation to the downside. 👉 EMA 34 crossing below EMA 89 signals short-term bearish momentum. Market structure remains bearish in the short term🔽 📊 Levels to Watch Resistance zones: 71,500 ; 72,464 Support zones: 69,950 ; 68,327 🔥 Today’s Bias: BEARISH 🔽