Bitcoin breaks 71000 tonight: Geopolitical loosening ignites market trend, but don't rush to shout bull On the evening of March 23rd, Bitcoin staged a textbook level policy driven market within a few hours - plummeting from 7500 to 1200, then rebounding and oscillating around 0000, with a single fluctuation of over 5% in less than a trading day. Trigger: Trump announces a five-day delay in military action against Iran. As soon as the news came out, global risk assets collectively rose, and Bitcoin's dual attributes of digital gold and risk assets were simultaneously activated. Funds quickly poured in, and long positions exploded in the market. However, the plot immediately reversed - Iran publicly denied any diplomatic communication with the US, market sentiment quickly cooled down, BTC fell from its high of 1200, and accumulated over 415 million US dollars in volatility, clearing both long and short positions. In the chaotic market, institutions are still buying in an orderly manner. Strategy continued to increase its holdings of 1031 BTC (approximately $76.6 million) last week, bringing its total holdings to 762099 BTC. H100 Europe is also advancing its plan to acquire 3500 BTC. The continuous layout of institutions means that the logic of accumulating chips in the medium and long term remains unchanged. The 1000 area is an important pressure zone in the near future, and whether it can effectively stabilize still needs to be observed. Two short-term risks: if the geopolitical situation continues to escalate, emotions may quickly reverse; There is a gap in CME futures below 0000, and the market has a tendency to make up for it. Geopolitics can push Bitcoin up 5% or down 5%. Recognizing the essence of tonight's market trend is more important than chasing the speed of the rise. Keep the bullets and wait for clearer signals. BTC Bitcoin Bitcoin