March 6, 2026

Today is Friday. For the overall market, the upcoming weekend actually increases the risk, mainly due to the significant uncertainty surrounding the war between the US, Israel, and Iran. Although Iran has been relatively quiet after launching missiles for several days, honestly, it’s not surprising for such a special country to do some extreme actions, especially since a new leader has recently been appointed. Last weekend, the sudden US-Israel attack on Iran caused gold prices to spike sharply in a short period. Since gold was not in official trading hours, the impact on various asset prices was relatively limited.
In the crypto world, there has been a significant rebound in recent days. From a data perspective, this is not a strong bullish trend, but rather some bulls have chosen to close positions and take profits, so the market might dip below 70,000 again over the weekend. This aligns with a sideways market trend. However, on the flip side, if the 70,000 level can hold during the relatively negative environment over the weekend, this upward rally could continue. Currently, this is just a possibility, and I am not very confident about an immediate rebound at this point.