The escalation of the situation between the United States and Iran will first lead investors in the cryptocurrency market to seek safe havens, with Bitcoin and Ethereum experiencing a rapid decline, focusing on closing high-leverage contracts, and if conflicts lead to rising oil prices, raising inflation concerns, this will reinforce expectations of interest rate hikes by the Federal Reserve, putting pressure on liquidity in the crypto market. But in extreme cases, the narrative of digital gold for Bitcoin may temporarily return, providing short-term support.

Non-farm employment data still cannot break the deadlock in gold prices; it will only increase short-term volatility in the crypto market and will not change the current fluctuation pattern: if the data exceeds expectations with a hawkish tone, crypto prices will remain under pressure, and if it comes in below expectations, there will be a temporary rebound but it lacks #g