I just realized that I forgot to do my homework yesterday. It's my fault. It's not easy to take a weekend break and go on vacation for three days, and then go home on Monday. I thought there wasn't much to do on the weekend, so I was frustrated by geopolitical conflicts. Especially when liquidity is already weak on weekends, investors' emotions will be amplified, and the US stock market will not open. All negative emotions can only be borne by cryptocurrencies. To be honest, I think the reaction was a bit excessive. Although the escalation of geopolitical conflicts has indeed pushed up oil prices, this kind of rise is not very worrying for the Federal Reserve. Powell has already mentioned last time that oil prices caused by geopolitical conflicts will be repaired, and the impact is almost always in the short term. So the focus of the Federal Reserve is still on Trump's tariff policy. However, after the opening of CME on Monday, the first thing we can see is the reaction of Asian investors, and then the reaction of European and American investors. Compared with Friday, the stock market may be down, but we still think that the current situation of BTC is oversold, and the panic is amplified by some investors. If it is a working day with high liquidity, it should not fall so much. In addition, from the perspective of the selling situation, it was after 21:00 Beijing time, which is the trading time zone in the United States. From the K-line chart, it can be seen more clearly that investors in Asia and Europe did not have such a strong reaction to the price. Although I marked the downward schedule on Sunday, if you carefully look at Saturday and Friday, there were also significant declines in the US time zone. On the contrary, there will be some signs of rebound in the Asian time zone. Of course, I am not saying that there will definitely be a rebound on Monday. After all, CME has opened, and whether Asian investors will consider it a suitable opportunity to buy at the bottom or panic and leave, we will know in a few hours. Next, it depends on whether the United States can make a quick decision. The data for BTC was not organized yesterday, but was reorganized today and can continue to be released tomorrow. However, from the support level, the range of $93000 to $98000 is still very stable, and there is currently no sign of panic collapse. The current price change is mainly due to the negative impact of geopolitical conflicts, which is not worth defending. It is simply a risk aversion caused by investors' concerns about oil prices or political instability. Structurally, it is similar to the tariff issue of Trump in February. Once it is resolved, the price may rebound. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex