Deep Tide TechFlow News, March 2nd, Matrixport released a chart today stating, "Market sentiment remains tight. However, since the market has been trading for a long time on the escalation of the Middle East situation, the related risks have been largely priced in, with oil prices currently reflecting a geopolitical premium of about $8 to $10 per barrel. If the subsequent conflict de-escalation progresses faster than the market generally fears, risk assets may experience a tactical rebound.
From a technical perspective, after a large-scale liquidation, Bitcoin has not further significantly declined and remains resilient. As the market enters a consolidation phase, the RSI continues to rise, and bullish divergence signs are gradually emerging. As long as this indicator maintains an upward oscillation, the downside momentum of the price may be suppressed. This also means that continuing to add short positions at the current level has a diminishing risk-reward ratio."
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Matrixport: If the process of easing conflicts accelerates faster than the market's general concerns, risk assets may experience a tactical rebound.
Deep Tide TechFlow News, March 2nd, Matrixport released a chart today stating, "Market sentiment remains tight. However, since the market has been trading for a long time on the escalation of the Middle East situation, the related risks have been largely priced in, with oil prices currently reflecting a geopolitical premium of about $8 to $10 per barrel. If the subsequent conflict de-escalation progresses faster than the market generally fears, risk assets may experience a tactical rebound.
From a technical perspective, after a large-scale liquidation, Bitcoin has not further significantly declined and remains resilient. As the market enters a consolidation phase, the RSI continues to rise, and bullish divergence signs are gradually emerging. As long as this indicator maintains an upward oscillation, the downside momentum of the price may be suppressed. This also means that continuing to add short positions at the current level has a diminishing risk-reward ratio."