$BTC Reference to previous geopolitical conflict impacts:

Russia-Ukraine War (2022): Bitcoin dropped 10% on the first day, but subsequently recovered gradually through cryptocurrency donations and demand for stablecoins as a safe haven.

Israel-Palestine Conflict (2023): After a short-term drop of 5%, it rebounded by 20%, showing that regional conflicts have limited effects on global assets.

The current market has partially digested risks; if the conflict does not spill over to the global energy supply chain, Bitcoin may replicate the "short-term panic - mid-term recovery" path.

Today's Bitcoin market is dominated by geopolitical factors, facing dual pressure from technical and sentiment aspects, but institutional investments against the trend suggest long-term confidence remains unchanged. Investors need to weigh short-term volatility risks against long-term technical/fundamental support, focusing on the contest around the $105,000 level and the evolution of the Middle East situation.