The most obvious state of Bitcoin in the past two days is not strong or weak, it is stuck in the range of 66000 to 68000, shaking day after day... It looks boring, but this boredom is often brewing the next bigger fluctuation. First, explain the market clearly. Bitcoin is currently around 68014, close to today's range high point, above 68646, low point, and above 66617. You will find that every time you touch it up, there will be people selling and every time you step down, there will be funds holding it back. This is a typical sideways turnover, and the market is waiting for a more certain external signal. The tense situation between the United States and Iran in the past two days has put pressure on risk appetite. The instinct of funds is to reduce risk exposure first, whether it's stocks or cryptocurrencies, Bitcoin is often treated as the same type of asset and does not immediately become a safe haven asset. It is more like a thermometer of macro emotions. When the outside world is nervous, it will shake to show you... Then look at precious metals, you will be more likely to understand what funds are doing. Gold and silver are more likely to enjoy a safe haven premium in geopolitical uncertainty, which means that traditional funds want to find a sense of security, and their first stop is usually them. This will bring a result. When gold and silver are stronger, it indicates that the market is pricing uncertainty. When Bitcoin is horizontal here and unwilling to move, it indicates that encrypted funds are also equivalent to one answer. So why has it been horizontal for so long? I prefer to use four words to explain, the period before position reset, the sudden rise and fall, Leaving behind a lot of uncomfortable positions, the bulls dare not chase after the bears, nor dare to step through them with one foot, so it becomes the 66000 to 68000 repeatedly washing away those who chase the rise and those who chase the short... In the end, those who are willing to wait will be left behind. The key to how the market will move depends on the results of this sideways period. If it can effectively stand above 68000 and cannot be broken back, and the low point starts to rise, then this period of oscillation is more like accumulating strength, and it is easy to continue. However, if it cannot stand above 68000 every time it reaches 68000, but frequently falls back to around 66000, then this period of oscillation is more like the consolidation after weak pullback, and the probability of the next downward trend will be higher. In the next two or three days, I will only focus on a few very specific things. First, 68000. Can continuity be achieved above 00 instead of being pushed back to second place with just one thrust? Has the reception around 66000 weakened, If the decline becomes more and more smooth, it indicates that buying is withdrawing third. Macroscopically, whether geopolitical risks are cooling down or continuing to increase, whether the US dollar continues to strengthen, and whether the outside world is not loose, it is difficult for encryption to move cleanly. My conclusion for today is simple. Horizontal trading is not without market trends, but picking people... Before the real direction comes out, don't rush to gamble with heavy positions