Market Sentiment Remains Tense Amid Geopolitical Risks

Market sentiment remains tense, according to Odaily. However, the geopolitical risks related to the Middle East have been largely priced into the market, with oil prices reflecting a geopolitical premium of approximately $8 to $10 per barrel. If the conflict de-escalates faster than anticipated, risk assets may experience a tactical rebound. From a technical perspective, Bitcoin has shown resilience despite a significant clearing of positions, as it has not experienced further notable declines. As the market enters a consolidation phase, the RSI is rising, indicating a bullish divergence. As long as this indicator continues to trend upward, the downward momentum of prices may be restrained. This suggests that the risk-reward ratio for increasing short positions at current levels is weakening.