$BTC Good morning! The big pancake welcomed a surge yesterday, climbing all the way up. This morning, it rose to a recent high of 108900 but did not show strong continuation, quickly falling back below 108000; Auntie, after a long period of oscillation and adjustment in the early morning, quickly rose to a high of 2680, but has now fallen to below 2600.

#Cryptocurrency market rebound

Overall, looking at the market, after a continuous push from the head, it faced resistance around 109000 and produced a decent correction. Lao Chen has also reminded everyone that there is significant selling pressure above 108500, combined with a liquidity gap above that level, along with the current geopolitical risks, which could easily lead to up-and-down pinning events. This latest repainting of YI is also the fuse for this downward pinning.

#Israel-Iran conflict

On the four-hour chart, the oscillating upward structure is still maintained, but after the head has continued to dominate, it still faces strong resistance from previous high levels. The price of the currency has a reasonable range for correction and repair. After a brief pinning event, it will still resume the oscillating upward structure, but we must still consider the strong impact brought by short-term fundamental news.