Analysis: Geopolitical risks partially priced in, bullish divergence signals appear in Bitcoin technicals

PANews March 2nd news, Matrixport published an analysis stating that market sentiment remains tense. However, since the market has already been trading on the escalation of the Middle East situation for a considerable period, the related risks have been largely priced in, with oil prices currently factoring in a geopolitical premium of about $8 to $10 per barrel. If the subsequent de-escalation process progresses faster than the market generally fears, risk assets may see a tactical rebound.

From a technical perspective, after a large-scale position liquidation, Bitcoin did not experience a further significant decline and its trend remains resilient. As the market enters a consolidation phase, the RSI continues to rise, and signs of bullish divergence are gradually emerging. As long as this indicator continues to oscillate upwards, the downward momentum of the price may be suppressed. This also means that continuing to increase short positions at the current level is seeing a marginally weakening risk-reward ratio.