After Iran opened fire, BTC pulled back 2500 points in 4 hours, causing short sellers to sell out over $100 million

Early this morning, Iran launched multiple missile attacks on Israel, escalating the situation in the Middle East once again. Affected by the risk aversion sentiment, BTC quickly plunged in the short term, with a drop of 61184 USDT at one point, and the market panic sentiment significantly increased. But with the rapid release of geopolitical bearish sentiment, bottom fishing funds began to concentrate and enter the market. BTC subsequently launched a strong pullback and rose over 2500 points in just 4 hours, reaching a intraday high above 63600 USDT. With the rapid rise of the market, low-level short chasing funds have encountered concentrated trampling. Data shows that in the past hour, the total amount of liquidation on the entire network exceeded 113 million US dollars, of which the liquidation amount of empty orders reached 108.6 million US dollars, accounting for nearly 96%. On a technical level, BTC's 4-hour MACD has re formed a golden cross, indicating a significant recovery in short-term sentiment; But the RSI is approaching the overbought area, which means that we still need to be vigilant about high-level volatility and profit taking pressure in the future. The current market focuses on several key positions: • Lower support: 62500/61500 USDT • Upper pressure: 64500/65500 USDT If BTC can continue to stand above 63500 in the future, market sentiment is expected to further recover; But if the rebound reaches around 64500 and the volume is blocked again, it may still enter a high volatility oscillation stage. In terms of on chain funds, some oversold Memes and high elasticity altcoins have started to recover first, and short-term fund risk appetite has rebounded. The current market is still volatile, making it more suitable for light positions and fast-paced trading to avoid high leverage chasing gains and selling losses. Risk Warning: The market fluctuates greatly, and this article is only for market information sharing and does not constitute any investment advice.