Today’s market action fully alternates between long and short sentiment in response to Middle East geopolitical news back and forth. The price range volatility is clearly evident: rallies run into selling pressure, while pullbacks have support. This is suitable for short-term range trading. Continued net inflows into institutional ETFs provide support at the bottom, but geopolitical conflict could escalate again at any time. Upside room is likely kept in check by persistent risk-off sentiment. In the near term, it is most likely that the market will continue a narrow-range, choppy pattern. Going forward, the key focus is on tracking further retaliation and negotiation-related news between the US and Iran. News can easily trigger fast “needle” intrusions in price, so traders must strictly control position sizing and set proper risk controls. #ETH突破1900美元