The geopolitical tensions between the US and Iran continue to escalate. The US side is considering expanding strikes against Iran’s homeland, and its policy stance has been repeatedly changing. The situation in the Strait of Hormuz remains tense. As geopolitical risks continue to develop, they are driving a rise in risk-averse sentiment and providing emotional support for risk assets.

In terms of the market, BTC surged earlier and then briefly consolidated. After digesting the move through range-bound trading at high levels, short-term selling pressure has been released. With the stimulus from geopolitical news, market sentiment has warmed up; combined with expectations of a relatively loose macro policy, funds are waiting for an opportunity to enter. The technical structure remains strong. The long side still has room to push further, and there is a possibility that a new round of rebound trading could be launched again in the future.

Trading advice
Open a small-position long; start by watching 65,500. If it breaks through, keep looking higher. If it does not break, reverse and go short, targeting 62,000$BTC #BTC反弹触及65000美元 #PreIPOs第二期OpenAI认购