Analysis: Bitcoin remains strong amidst the escalation of the Middle East conflict, maintaining a pattern of low points and upward movement

According to CoinDesk, as traders weighed the geopolitical impact and tariff uncertainty, Bitcoin fell below $104200 overnight, but then rebounded under high trading volume and quickly stabilized, currently hovering around $105100. It has fallen 0.22% in the past 24 hours, as traders have largely digested the geopolitical tensions. Traders seem to lean towards a medium-term bullish trend, as despite the intraday volatility of Bitcoin, it still maintains a pattern of low point upward movement. Profit taking around $106000 limits the upward momentum, but support levels around $105000 continue to attract bargain hunting buying. Market participants are closely monitoring this range, especially as the demand for hedging and risk sentiment continue to intertwine.