Rising U.S. Treasury yields:
1. U.S. Treasury yields climbed to a new high since the beginning of the year.
2. It shows the elasticity of consumer demand.
3. It further weakens investors' confidence in the Fed's interest rate cuts this year.
Geopolitical tensions:
1. Israel may strike back at Iran.
2. Airlines have canceled flights to Israel.
Possibility of war and market reaction:
1. The Israeli Air Force is said to have completed preparations for an attack on Iran.
2. If the war continues to break out in the next three days, BTC is likely to fall to $60,000 again.
On-chain data analysis:
1. The current on-chain data is relatively healthy.
2. Although many stablecoins have flowed into exchanges to buy the bottom, BTC outflows have increased and inflows are relatively small.
Market expectations and possible recovery:
If the situation between Israel and Iran stabilizes, the currency circle may regain some confidence.
BTC halving is imminent, and Israel and Iran may continue to fight. So will BTC break through 80,000 US dollars on the day of halving, or fall below 60,000 US dollars?
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