Will influence Bitcoin prices through three core pathways: geopolitical, energy and inflation expectations, and market sentiment. In the short term, it will mainly fluctuate with volatility, and the direction depends on subsequent developments.

Short-term volatility intensifies: The escalation of US-Iran conflict expectations brings geopolitical safe-haven sentiment. Bitcoin will experience short-term fluctuations, possibly first dipping due to panic, then rebounding due to safe-haven buying.

Key to watch the conflict's direction: If an agreement is reached and the situation eases, safe-haven demand will decrease, and Bitcoin is likely to face pressure; if the reactivation of the upgraded "Freedom Plan" leads to escalation, oil prices and safe-haven assets may be temporarily driven higher.

Adding to market sentiment amplifies volatility: The current market already faces leverage liquidations and capital outflows, and geopolitical news will further magnify short-term fluctuations, increasing market uncertainty.