Given that the US stock market is closed over the weekend, its performance this Monday is of critical significance to the cryptocurrency market. The market logic is as follows:
Significant decline in US stocks: This may exacerbate the outflow of funds from risk assets, putting pressure on Bitcoin prices.
Fluctuation or rebound in US stocks: This may provide temporary support for the cryptocurrency market, but geopolitical risks in the Middle East continue to exert pressure.
The overall downside risk in the cryptocurrency market has not yet been lifted, and the escalation of the situation in the Middle East is the main concern at present. If the conflict worsens, Bitcoin prices may test the $90,000 level, and altcoins may experience even greater declines. The market storm may have just begun
