Analyst: The selling pressure on Bitcoin has明显减弱, and sensitivity to regulation and policy has decreased

Trump has asked aides to prepare for an extended U.S. Navy blockade of the Strait of Hormuz, causing Brent crude oil prices to surpass $111 per barrel, while btc-42">Bitcoin remains within a narrow fluctuation range. Trump stated on Tuesday that Iran is in a "state of collapse." Tehran has indicated that it may accept a temporary agreement to reopen the strait if Washington lifts the blockade on Iranian ports.

Zaheer Ebtikar, founder of Split Research, stated in a report that Bitcoin's relative calm reflects a change in market structure. He said, "The oversupply has finally been digested, and the panic sellers driven by macro shifts or quantum concerns have long exited, making the selling power in the market significantly weaker than it was a few months ago." Ebtikar added, "Bitcoin's sensitivity to regulatory noise or central bank policies is far lower than people imagine. Its sensitivity is purely a function of broader volatility, and since we are currently in a relatively calm trading range, there is no immediate urgency to exit."

Bitget analysts marked $75,000 as a key level that has maintained an upward range since the end of March; if effectively broken down, it could open space for further declines. A rebound from current levels back to $80,000 would maintain the integrity of the rebound structure and pave the way for a retest of the resistance level that has consistently rejected Bitcoin's attempts to rise since February.