Yesterday, I observed an interesting cyclical move in the market during the Asian session. Bitcoin fell below $88 thousand, then quickly rebounded to $90 thousand after Trump eased his rhetoric on tariffs for Greenland in В Давосі. Such a cyclical move showed how much cryptocurrencies depend on macro news. This sharp cyclical move lasted only a few hours—first panic due to trade threats, then relief after the president’s statement. Ether fell below $3 thousand, then recovered to $3,020. Solana, XRP, Cardano, and Dogecoin went through the same cycle: a drop and partial recovery. This didn’t look like a rally returning; rather, it looked like stabilization after a shock. What’s interesting is that it all started with Japanese bonds—earlier in the week, their sell-off sparked a global wave of risk aversion. When officials calmed the bond markets, cryptocurrency got a breather. US stock futures rose, gold stabilized, and digital assets began to recover. Now the question is whether Bitcoin will hold above $90 thousand, or whether this cyclical move was just a temporary easing. Recent days have shown that global politics and bond markets still drive crypto swings. When investors look for capital protection, Bitcoin trades as a speculative position rather than an alternative asset. We’ll keep an eye on how this develops.

Geopolitics in the Middle East is creating an interesting volatility to study from a crypto trading pattern perspective. As Iran launches counterattacks against U.S. bases across the region, we see how digital assets respond in ways very different from traditional instruments. Something to note: Bitcoin did manage to stay above an important support level during the initial attack, but this is not because it is considered a safe haven. Quite the opposite. Thin weekend liquidity and leverage that has already been exhausted during this week's decline from $70K make the movements appear more stable than they actually are. This is a classic crypto trading pattern—when traditional markets are closed, Bitcoin becomes the only large liquid asset available for trading. The real test will begin when the markets open on Monday. Stocks, oil, and bonds may open with potential gaps, which could trigger a second risk-off wave in crypto. If portfolio managers simultaneously reduce risk exposure across all asset classes, Bitcoin could be pressured toward or even below $60K. Remember, previous crypto trading patterns during geopolitical escalations showed Bitcoin sharply dropping on initial shocks, then recovering after traditional markets absorbed the news. But this time, the situation is different. Missiles landing in Dubai, Kuwait, and Bahrain are not ordinary bilateral exchanges. This is a potential regional conflict touching some of the most sensitive economic areas. The downside risk is clearly visible. From a technical perspective, the $60K level that held during the February 5 crash becomes the next line of defense, and will be tested under much heavier conditions than just leverage selling. Bitcoin is now trading more like a risk asset than a safe haven, and that is a pattern traders need to understand. Meanwhile, XRP is experiencing similar pressure, dropping from around $1.36 to $1.33 on high volume, indicating aggressive selling. The price is now below the $1.35 level, which has turned into resistance along with the $1.40-$1.41 zone that continues to cap bounces. This is an example of how altcoins follow the same crypto trading pattern as Bitcoin during risk-off environments. So, what to monitor: whether traditional markets will gap down on Monday, and if so, how deep the risk sell-off will continue in crypto. Bitcoin’s support level at $60K and XRP resistance at $1.35 will be key zones to watch in the coming hours.

XRP is currently in an exciting battle zone. It is now trading around $1.33, but there is a large concentration of options at the $1.40 level on Deribit — approximately $14.6 million in open interest is centered here, nearly a quarter of all XRP options on the exchange. This is no coincidence. As the March expiration approaches, this level could become a price magnet. Market makers who are short at $1.40 typically hedge dynamically, which often pushes the price toward the strike — traders call this 'pinning.' So, the real battle is between option sellers who want the price to stay at $1.40 and buyers who want a breakout. If XRP continues to rise beyond $1.40, the put options will expire worthless, and selling pressure could decrease. But if it drops, there could be a rush of hedging that accelerates the fall. Next week will be a key battleground. This level needs to be monitored seriously.