Analysis: Geopolitical risks have been partially digested, and bullish divergence signs have appeared in Bitcoin's technical aspects

By: rootdata|2026/03/02 09:43:39
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Matrixport's analysis states that market sentiment remains tense. However, as the market has been trading on the escalation of the situation in the Middle East for a considerable time, the related risks have been largely priced in, with oil prices currently reflecting a geopolitical premium of about $8 to $10 per barrel. If the process of conflict de-escalation occurs faster than the market's general concerns, risk assets may experience a tactical rebound.

From a technical perspective, after a large-scale liquidation of positions, Bitcoin has not seen a further significant decline, showing resilience. As the market enters a consolidation phase, the RSI continues to rise, and bullish divergence signals are gradually emerging. As long as this indicator maintains a fluctuating upward trend, the downward momentum of prices may be suppressed. This also means that continuing to increase short positions at current levels has a weakening risk-reward ratio.

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