The market fluctuation is heart-pounding, and the weekend trend unexpectedly triggered a dramatic shock. Originally expected to be calm on Saturday, Bitcoin staged a plummet in the evening, quickly dropping from $103,900 to around $101,000, while Ether also fell from $2,450 to the $2,230 area. The instability of this market trend can largely be attributed to the escalating tensions between Iran and Israel, the surge in gold prices, and the spread of panic sentiment in the crypto assets market. Major investors, considering risk aversion, withdrew their funds on a large scale, directly leading to this significant downward trend.

From a technical perspective, the daily chart shows a continuous downward trend with consecutive bearish candles, and the MACD energy bars are growing negatively, indicating that bears indeed dominate the market. However, it is noteworthy that the key support level has not been breached, and the lower Bollinger Band has yet to be touched, suggesting that the downside potential may be limited. Turning to the hourly level, there are signs of a rebound in the market, displaying a three consecutive bullish candle pattern, with the K-line showing an upward development trend.

In terms of short-term trading strategies, Bitcoin can focus on the support rebound in the range of $102,300 to $102,000, with an upward target pointing to $104,000; Ethereum can focus on the range of $2,250 to $2,230, with an upward target of $2,350. Market participants need to closely monitor global geopolitical developments and the changing correlation between Crypto Assets and traditional safe-haven assets.