Analyst: Bitcoin and Ethereum show resilience in the Middle East conflict.

Despite the ongoing conflict between the US and Iran continuing to suppress risk appetite, Bitcoin and Ethereum have still seen a slight increase. Trade Nation analyst David Morrison stated in a report that in recent days, Bitcoin and Ethereum have shown resilience to this conflict, with both continuing to consolidate. He mentioned that Bitcoin is holding above the support level of $60,000, while facing resistance at $70,000. He noted that the daily smoothed moving average convergence divergence (MACD) for both cryptocurrencies looks "constructive," having bounced back from oversold levels. However, he stated that Bitcoin needs to convincingly break above $70,000 in order to "truly attract buyers back into the market." Data from the London Stock Exchange Group shows that Bitcoin has risen by 1.6% to $69,195, while Ethereum has increased by 1.7% to $2,002.