The escalation of the Israeli-Palestinian conflict has heightened market risk aversion. In addition, Powell's speech last Friday leaned dovish, reducing expectations of interest rate hikes. The gold market has approached the key level of 2000 points from $1830 per ounce at the beginning of the month. With the escalation of the Israeli-Palestinian conflict, market funds are expected to turn more towards gold as a safe-haven asset, so there should be no problem in reclaiming the 2000-point level this week.

In the virtual currency sector, as gold rebounds, it has also begun to warm up as a hedging and safe-haven target for market investors. The strong rebound of Bitcoin's double bottom formation last week also led to the weekly MACD forming a golden cross above the zero axis, with the RSI stochastic indicator returning to above 60, indicating a strong bullish sentiment in the market. The bulls are in control, and the red MACD momentum bars are gradually increasing. In this week's rebound, if the price of Bitcoin can stabilize above the 30,000 point level to form a platform support, there will be an opportunity to continue the uptrend. Once the short-term resistance at 31,800 is broken, the next target position will be around 32,500.

On the four-hour candlestick chart of Bitcoin, the price line continues to rise unilaterally, with the current position of the MACD fast and slow lines forming a third golden cross, widening the gap and showing strong upward momentum. After the morning's strong rally, there is not much selling pressure at the high, and a brief adjustment is expected. For intraday operations, as long as the price line does not fall below the 30,400 level, the bullish bias is maintained, and aggressive traders can consider buying at the current price, with a defensive position at the 30,200 level.

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