Tonight, Ethereum's stance is preparing to re-engage in battle with Iran, with geopolitical conflict risks escalating, adding more uncertainty to an already weak market. Currently, Bitcoin has broken below a key support level, dropping to around 61,075, and is moving in tandem downward. The market itself is in a bearish dominant weak trend, and such news can easily be amplified by bearish forces to cause volatility.


The current market, combined with geopolitical news, significantly increases uncertainty, and trading risks also rise accordingly. In the short term, the pressure near the middle Bollinger Band remains critical. If the price cannot stabilize, the likelihood of continued weakness or a second bottom is higher. The support near the intraday low is the last line of defense. If this support breaks, it will open a new downward space. The more prudent approach at this stage is to control positions, reduce leverage, and avoid blindly chasing gains or cutting losses. Wait until the emotional volatility caused by news subsides, and once the market forms a stable structure, then observe and act accordingly.
BTC-2.6%
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