TechFlow News: On March 2, Matrixport released its chart of the day, stating, “Market sentiment remains tense. However, as markets have been pricing in an escalation of Middle East tensions for an extended period, much of the associated risk has already been absorbed into prices—oil currently reflects a geopolitical premium of approximately $8–$10 per barrel. Should the de-escalation process unfold faster than the market’s broad concerns, risk assets could stage a tactical rebound.”
From a technical perspective, Bitcoin has not declined significantly further following a large-scale liquidation of positions, indicating underlying resilience. As price action enters a consolidation phase, the RSI continues to rise, and bullish divergence signals are gradually emerging. So long as this indicator maintains an upward oscillating trend, downward momentum may be restrained. This also implies that adding short positions at current levels carries a diminishing risk-reward ratio.
