Looking back at the previous market, on April 14, Iran officially launched drone and missile attacks on Israel, and the market fell in response, with the lowest price falling to around US$56,552. After that, it took the market just two months for the price to return to around US$70,000.

Then on August 5, Lebanon launched a drone attack on Israel, and the price of Bitcoin fell to as low as $49,000. It then rebounded to around $70,000.

Today, Iran launched missiles at Israel, and the market fell again. But this decline may be the last decline leading to the peak of the bull market. Because of the support of interest rate cuts and the timeline approaching the end of the year. The US presidential election and Christmas will appear in the next two months. In the short-term market, the first support of Bitcoin is 57610. As long as the daily level does not fall below this, the market will continue to move above $70,000. If the market falls below 57610, the price of Bitcoin will most likely accelerate to around 54591. As long as 54591 does not fall below. The rebound market continues.

The bull market is already halfway through, and any negative news or price retracement is a test for spot traders. You must hold on to your favorite currencies and wait until the peak of the bull market arrives.