May 28, Thursday, U.S.-Iran conflict intensifies, market faces downward pressure


Affected by Iran's counterattack on U.S. military airbases and the ongoing escalation of Middle Eastern geopolitical conflicts, global risk aversion sentiment suddenly rises, and funds panic to flee risky assets. Bitcoin comes under pressure and weakens, bearish sentiment spreads again, and the market continues its weak downward trend.
Escalating geopolitical conflicts increase market uncertainty, in the short term, safe-haven funds primarily flow into the US dollar and gold, while the crypto market faces fund sell-offs; combined with previous downward inertia, buying support is weak, selling pressure is released in clusters, and prices continue to decline.
Currently, the market is dominated by geopolitical news, with increased bullish and bearish battles, short-term trends are clearly under pressure, and the risk of oscillating downward further increases. Exercise caution in operations, and avoid short-term uncertain risks. $BTC $ETH $SOL
BTC-3.21%
ETH-3.94%
SOL-4.06%
PAXG0.77%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned