I believe the market is still driven by macro data for direction, while geopolitics determines volatility.

The conflict in the Middle East may amplify short-term sentiment, but what truly determines whether BTC can continue this round of its market move comes down to three factors:

Whether the ETF can continue to see sustained net inflows;
Whether this week’s CPI supports expectations of rate cuts;
Whether BTC can truly hold 64,000 as support, rather than breaking above it again only to turn into another false breakout.

If none of these three conditions are disrupted, then the shock caused by geopolitics is more likely to show up as increased volatility rather than necessarily bringing an end to the recent upward trend.
#Gate6月透明度报告