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Early morning trading continues to weaken, with Bitcoin's price declining further and once again falling below the key level of 76,000. The lowest intraday dip reached 75,400. Currently, the price has slightly rebounded, but the rebound strength is weak, encountering clear resistance around 75,600, with upward movement hindered.
Geopolitically, the tensions between the US and Iran are escalating, and the risk of conflict continues to increase. Normally, the safe-haven attribute would drive the market to recover, but this round of the crypto market is moving in the opposite direction. The turbulent situation has not brought safe-haven buying; instead, it has caused market liquidity to tighten rapidly. Coupled with high-leverage liquidations at elevated levels, this has further amplified the downward trend.
The weekend's decline is merely a signal of risk being released early. If geopolitical conflicts continue to escalate and the situation worsens, selling pressure will persist, and there is still room for deeper downside movement. #WCTC交易王PK $BTC