BTC short-term rebound 0.15%: the escalation of the Iran-Iraq conflict boosts a safe-haven narrative, as institutions support around $62,700

July 13, 2026, 14:00-15:00 (UTC), BTC rebounded in the short term by 0.15%, with its price moving within the 62,247.4-62,420.0 USDT range and an Ampl of 0.28%. Although the intraday K-line closed slightly green, BTC is still within the 24-hour -2.29% pullback channel. The current quote is $62,717.7, down more than $1,700 from the intraday high of $64,433.

The main driver behind this market move is the escalation of the US-Iran conflict. The U.S. Central Command carried out multiple rounds of strikes on Iranian vessels and facilities. In response, Iran launched retaliatory attacks on countries hosting U.S. military bases in the Persian Gulf. A dispute over control of the Strait of Hormuz pushed oil prices up nearly 5%, approaching $80 per barrel. The rise in oil prices lifts inflation expectations and weakens the dollar. As “digital gold,” BTC receives risk-off bid support, helping it stabilize and rebound in the short term.

At the same time, geopolitical risk is spreading across the Middle East. The Israel Defense Forces and the U.S. military have coordinated to enter a heightened state of alert. Iran’s retaliatory attack scope has expanded to Qatar and the UAE, and markets are pricing for the conflict to become protracted. In addition, the surge in oil prices has reignited expectations of the Fed raising rates (the probability of rate hikes in 2026 is 59.5%). Gold fell by more than 1% in sync, and pressure on risk assets overall has limited the room for BTC’s rebound. On the technical side, the short-term RSI entered an oversold zone, triggering demand for a technical bounce. In the order book, there are prominent large buy-wall orders: the order at $62,717.7 for 0.4150 BTC accounts for 94.3% of the total buy orders in the top five levels, suggesting institutional funds intend to support around the $62,700 area.

Keep an eye on short-term volatility risk. $62,100-$62,200 is the intraday low support zone, while $62,750-$63,000 faces short-term moving average resistance. Next, the key focus is whether the US-Iran conflict escalates further, whether crude oil can break through the $80 level, and the Fed’s July meeting along with new Chairman Kevin Warsh’s interest rate decision—these factors will determine BTC’s short-term direction.