Yesterday, the crypto assets market exhibited a sideways fluctuation, but subsequently experienced significant volatility due to geopolitical factors. After the news that the Iranian parliament approved the closure of the Strait of Hormuz, the price of Bitcoin plummeted sharply, briefly approaching the $98,000 mark. Other major crypto assets also weakened accordingly.

Despite a slight rebound in the market later, investor sentiment remains cautious due to the potential U.S. intervention in the Middle East conflict. Analysts point out that if Bitcoin falls below the $100,000 mark again, it could trigger further downward trends.

From a technical perspective, the Bitcoin 4-hour chart shows consecutive bearish candles and has fallen below an important support level. Other major crypto assets are also performing weakly and have not yet broken through key resistance levels. In this situation, investors may continue to maintain a cautious attitude.

Market observers expect Bitcoin to seek support in the range of $101,300 to $101,800, and if it fails to hold that support, it may further drop to levels of $98,000 or even $97,000. Meanwhile, Ethereum may fluctuate in the range of $2,260 to $2,290, and if it breaks down, it could test support levels of $2,180 to $2,150.

Investors should closely monitor the developments in global geopolitical situations, as these events may have a significant impact on the crypto assets market. At the same time, it is also important to pay attention to the monetary policies and regulatory trends of major economies, as these factors can also influence market direction.