U.S.-Iran conflict escalation drags risk assets, Bitcoin falls toward $62,000 mark

According to Odaily, as the situation between the United States and Iran escalates, Bitcoin continues to face downward pressure, with its price once approaching $62,000, as risk assets overall experience selling pressure. Data shows BTC/USD is trending lower. JDK Analysis notes that Bitcoin's current price action is "very weak," with a large number of short positions betting on further declines. The $60,000 region could once again become a market focus target.

However, if new spot buying emerges and holds key support levels, a large number of shorts may face a squeeze. Some traders remain bullish. Among them, trader Roman believes that multiple technical indicators, including the current RSI and trading volume, suggest market downside momentum may be weakening. Bitcoin could still have an opportunity to rebound to the $70,000 to $75,000 range.