Evening Market Analysis

Bitcoin experienced a rapid decline today, mainly due to short-term shocks caused by unexpected geopolitical news. As news of Iran missile attacks on U.S. naval vessels spread, market risk aversion and panic quickly intensified, with a large amount of capital fleeing the market, leading to increased trading volume and a downward trend. Prices retreated from above 80,500, with the lowest dip near the 78,000 level.

But everyone must be clear that the volatility caused by geopolitical news is ultimately only a short-term emotional impact and cannot reverse the current overall market pattern. The key support zones remain intact, and once the market gradually digests this negative news, the trend will return to its normal rhythm.

In terms of trading strategy, continue to adopt the approach of shorting after rebounds, and avoid blindly chasing a one-sided decline. On Monday evening, wait for the price to rebound to the 79,800-80,600 range to establish short positions, with the lower target around the 77,300 level.