BTC quickly fell after the outbreak of military strikes between the US and Iran, dropping near $63,000, a decrease of about 5%. The cryptocurrency market lost hundreds of billions in market value, with frequent liquidations and a noticeably tense atmosphere.

*This shows that the market often exhibits selling pressure on risk assets during significant geopolitical deterioration phases.

Since US stocks have been highly correlated with Bitcoin, Bitcoin has become more like a risk asset rather than a safe-haven asset (similar to tech stocks dropping during shocks), with sentiment driving the short-term dominance.

*After the confirmation of the impact (for example, a temporary easing of the Middle East situation or significant news landing), BTC often shows a 'V-shaped' technical rebound. For instance, after the news of Khamenei's death, BTC rebounded from a low back to around the $67,000-$68,000 range.

If the tension between the U.S. and Iran eases this week or the conflict edges toward de-escalation, BTC is expected to rebound and fluctuate in the $66,000-$70,000 range.

If the conflict escalates (such as wider regional warfare, oil transportation disruptions leading to rising global inflation expectations, etc.), risk appetite is likely to continue deteriorating, making it more probable for BTC to break below key support. Around $63,000 is the short-term support, and if it fails, it may trigger a drop to the $60,000-$58,000 range.$BTC #美以袭击伊朗 #伊朗证实哈梅内伊已死