Recent macro impacts: Israel and Iran have just gone to war, and Bitcoin experienced a massive sell-off. Several exchanges dumped nearly $3.5 billion worth of coins. However, overnight, not only was this drop filled, but after the early morning monthly close, Bitcoin briefly broke through the 68,000 level. If the war continues to escalate chaos, crude oil will eventually surge, which could significantly impact U.S. inflation, leading the Federal Reserve to tighten monetary policy. The market may then reprice accordingly. In the short term, on the hourly chart, the price is once again showing a spike and correction trend, with bullish volume gradually decreasing. This indicates that the 68,000 resistance remains relatively strong. Looking at the four-hour bullish volume fluctuation curve, bullish volume is gradually diminishing. Considering the recent four-month and weekly net outflows from spot ETF institutions, along with the near-zero probability of a Fed rate cut in March as a potential bearish factor, I can't see what would drive BTC to break upward and rebound.