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The Middle East conflict continues to escalate, increasing the risk of oil and gas supply disruptions, with global coal shipments surging and freight rates soaring 50% compared to February, as risk aversion continues to rise.
Translating to the crypto market, market risk appetite quickly declines, bullish confidence weakens, BTC/ETH upward momentum diminishes, and a short-term correction channel opens.
In the afternoon, the direction becomes clear, follow the rhythm closely, avoid guessing, and only pursue certain opportunities.