PANews reported on March 2nd that Matrixport analyzed that market sentiment remains tense. However, because the market has already traded on the escalation of the Middle East situation for a considerable period, the related risks have been largely priced in, and oil prices currently reflect a geopolitical premium of approximately $8 to $10 per barrel. If the subsequent de-escalation of the conflict proceeds faster than the market generally fears, risk assets may experience a tactical rebound.

From a technical perspective, after a large-scale liquidation, Bitcoin did not experience further significant declines, demonstrating resilience. As the market enters a consolidation phase, the RSI continues to rise, and bullish divergence is gradually emerging. As long as this indicator maintains its upward trend, downward price momentum is likely to be suppressed. This also means that continuing to increase short positions at current levels offers a diminishing risk-reward ratio.