Bitcoin is negatively impacted by the situation in the Middle East, plummeting over 4,000 points in a single day, quickly rebounding to around 103,200 after hitting a low of 102,600. The 4-hour RSI has entered a severely oversold region (<20), and the price is far from the moving average, indicating a short-term need for a technical rebound correction. If the support at 102,600 holds, it may form a short-term bottom, with rebound targets looking towards 104,000-104,500.

- 102,500-102,800 serves as a psychological support zone; if the price stabilizes here, it may attract short-term bulls to enter.

- If the rebound breaks through 103,800 (the 38.2% retracement level of the morning's decline), it may further test 104,500 (50% retracement level) or even 105,000 (key short-seller defense level).

- Attention should be paid to the market sentiment repair situation; if the geopolitical conflict does not escalate further, panic selling may weaken, driving the price of the coin to rebound. #以色列伊朗冲突 $BTC

- Aggressive long position: Enter a small long at the current price of 103,200, with a stop-loss at 102,400 (below the previous low), targeting 104,000-104,500.

- Conservative long position: Wait for a stable stand above 103,800, then follow up on a pullback that doesn’t break, with the same target as above.

- Key risk: If the geopolitical conflict worsens, leading to a loss of 102,500, it may further decline to 101,000-100,000, requiring strict stop-loss measures.

(Currently, the market is still dominated by bears; the rebound is only seen as a short-term opportunity, and those who are cautious may wait for higher levels before placing short positions.)