Looking at BTC tonight, I still lean towards short-term volatility and upward trend. The reason is not complicated. Firstly, regarding the situation in the Middle East, the market has been betting in the past 24 hours that there is a chance for the conflict to cool down. Oil prices have fallen from high levels, and global risk assets have clearly breathed a sigh of relief. The US stock market has also experienced a rebound. For BTC, this environment is at least much more friendly than 'oil continues to soar, market continues to crash'. But don't be too optimistic all at once. Recently, the uncertainty brought by US bond yields, inflation expectations, and war is still present. The market is only trading to ease the situation, not completely digesting the risks. As long as there is another unexpected news from the Middle East or if oil prices rise again, BTC will still be shaken along with it. On this side of the cryptocurrency circle, institutional funds have not significantly withdrawn, and the narrative has not collapsed, so now it seems more like a high-level repeated tug of war rather than a trend that has turned bearish. My judgment is that from tonight to tomorrow, BTC is expected to rise slightly, but it is more like a slow push than a one-sided surge. If we can stabilize the key support, there will be opportunities to continue moving forward in the future; If the macro sentiment changes again, act as a volatile market for now.