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

The conflict in the Middle East will amplify near-term sentiment, but what truly determines whether this BTC rally can continue still comes down to three factors:
Whether ETFs continue to see sustained net inflows;
Whether this week’s CPI supports expectations of a rate cut;
Whether BTC can truly hold 64,000 as support, rather than repeating another false breakout.
If none of these three conditions are not broken, then the shock from geopolitics is more likely to show up as increased volatility, rather than necessarily ending the recent upward trend.
#Gate June Transparency Report