Analysis: Geopolitical risks have been partially mitigated, and Bitcoin's technical indicators show bullish divergence.

CoinFeed reported on March 2nd that Matrixport analyzed that market sentiment remains tense. However, due to the market's prolonged trading on the escalation of the Middle East situation, related risks have been largely priced in, with oil prices currently reflecting a geopolitical premium of approximately $8 to $10 per barrel. If the subsequent de-escalation of the conflict proceeds faster than widely feared, risk assets may experience a tactical rebound. From a technical perspective, after a large-scale position clearing, Bitcoin has not experienced further significant declines, demonstrating resilience. As the market enters a consolidation phase, the RSI continues to rise, and bullish divergence is gradually emerging. As long as this indicator maintains its upward trend, downward price momentum may be suppressed. This also means that continuing to increase short positions at current levels has a diminishing risk-reward ratio.