Geopolitical Drag, BTC Downside Risks Persist

1/ Bitcoin has fallen below $99K due to pressure from geopolitical tensions in the Middle East, with a decline of nearly 5%, reflecting that macro risks are still restraining the market.

2/ ETH, XRP, and SOL also faced pressure simultaneously, with the overall market lacking strong safe-haven assets, highlighting risk sentiment.

3/ My perspective: In the short term, watch macro policies and geopolitical dynamics; the market may fluctuate between $94K and $114K; in the long term, I still see a structural bull market path.