Tensions between the US and Iran are escalating, leading to a short-term bearish outlook and increased volatility in the crypto market:

• Geopolitical risks intensify, capital fleeing high-risk assets, causing Bitcoin and mainstream coins to plunge in the short term, with panic spreading.

• High-leverage contracts are concentrated in liquidation, making the market prone to sharp drops and rapid rebounds.

• Safe-haven funds flow into gold and crude oil, temporarily causing cryptocurrencies to lose their safe-haven attributes.

• If the situation does not escalate further, the crypto market will quickly recover; continued escalation will lead to increased volatility and a bearish trend.

Focusing on BTC/ETH, combined with key observation levels related to the US-Iran situation (as of 2026-03-03, spot reference), with trigger implications and response points:

1. Key Levels for Bitcoin (BTC)

• Support (from strong to weak)

◦ 65,000: Strong support, institutional accumulation zone on dips, stable price can be lightly longed

(If it doesn’t go below 65,300, look for lower positions to add longs; if it breaks once, abandon and look for longs near the lower range, starting from 62-60)

◦ 63,000: Critical level, recent panic low, a break below signals further downside

◦ 60,000: Psychological and structural support, losing this indicates market weakening, at the lower end of the range.

• Resistance (from near to far)

◦ 67,500: First target for intraday rebound, if volume increases, look for previous highs

◦ 68,500-69,000: Double top neckline, a breakout suggests a shift to sideways or bullish momentum

◦ 72,600: Stabilization above this level opens upward space, at the upper end of the range.

2. Key Levels for Ethereum (ETH)

• Support

◦ 1,900-1,910: Intraday critical defense zone, a break below could lead to rapid decline

(Find positions to long between 1,920 and 1,850; if broken once, abandon and look near 1,750)

◦ 1,840: Recent low, strong support, a break below tests 1,800

• Resistance

◦ 2,000: Psychological barrier, from support to resistance, encountering resistance on rebound suggests shorting opportunities

◦ 2,070-2,100: Strong resistance zone, volume breakout indicates continuation of rebound

3. Trading Discipline (Must Follow in High Volatility)

• Be patient, avoid impatience; don’t rush to buy or sell, control your position size, and avoid holding through large swings.