The current international situation continues to revolve around the tense relationship between the US-Israel and Iran, and uncertainty in the Middle East remains a key risk source that global capital markets are still focused on. Especially with ongoing concerns about shipping safety related to the Strait of Hormuz, international crude oil prices have held at high levels, and market worries about energy supply and inflation pressure have risen in tandem. At the same time, the hardline remarks recently released by Trump regarding Iran further strengthen expectations that the situation may continue to escalate, leading to a pickup in investors’ short-term risk-avoidance sentiment.

In this environment, Bitcoin’s short-term price action is prone to being disrupted by news, resulting in rapid fluctuations, but there is still fund support in key support zones; as for Ethereum, because it is more sensitive to market risk appetite, its volatility is typically even more pronounced. If tensions in the Middle East continue to remain tight going forward, and Trump’s subsequent remarks further lean hawkish, market concerns about high oil prices and interest rates staying at elevated levels will continue to suppress the pace of activity in the crypto market; conversely, if the situation eases, both Bitcoin and Ethereum are expected to gradually move into a recovery phase. #Gate广场四月发帖挑战 $BTC