Middle Eastern conflict erupts unexpectedly, and the joint strike by the US and Israel against Iran triggers a global risk aversion. Bitcoin plummets sharply, breaking below the 63,000 level. Coupled with previous high-level halving and continuous weakness over several months, the market once plunged into extreme fear.

From the chart, 64,700 has become a short-term strong support, repeatedly tested and quickly recovered, resonating with bottom-fishing and short covering. The daily short-term moving average turns upward, but the medium-term moving average remains downward, indicating that the rebound is only a technical correction; the 4-hour chart shows bullish dominance, but faces strong resistance at MA60, with insufficient upward momentum; the 1-hour chart forms a small-scale double top, indicating a very short-term bearish bias.

3.1 Bitcoin Trading Strategy:
1. Short at 69,100-68,100, stop loss above 69,600, target 65,600-65,100
2. Long at 65,100-65,700, stop loss below 64,100, target 67,000-67,600

3.1 Ethereum Trading Strategy:
1. Short at 2,080-2,045, stop loss above 2,110, target 1,945-1,915
2. Long at 1,915-1,945, stop loss below 1,885, target 2,025-2,055