Geopolitical risks escalate again! Bitcoin market enters a turning point

Breaking news: The UK officially announces that it will deploy drones, Typhoon fighter jets, and main battle cruisers to deeply involve in military operations in the Strait of Hormuz, significantly increasing regional geopolitical conflict risks, with global uncertainty instantly reaching a peak.

As geopolitical tensions tighten, panic spreads rapidly across global capital markets, traditional assets become unstable, while Bitcoin—this decentralized, borderless digital scarce asset—is inherently the strongest safe haven in turbulent times.

Currently, Bitcoin has undergone continuous deep retracements, with the price approaching around 80,400. In the short term, bearish sentiment is extremely unleashed, retail investors are panicking and collectively cutting losses, and the technical analysis on the 4-hour chart shows deep oversold conditions. The downward momentum has already been exhausted, and a major bottom reversal could happen at any time.
Ethereum is moving in sync with weakness, with a larger and more elastic retracement. After the shorts are cleared, the rebound will have a strength far surpassing that of Bitcoin.