BTC rises slightly by 0.32% in 15 minutes: Middle East conflict lifts oil prices, weighing on risk assets; BTC fails to gain safe-haven support

From 20:00 to 20:15 UTC on July 23, 2026, BTC saw a slight short-term uptick of 0.32%, with a price range of 64,835.0–65,057.9 USDT and an amplitude of 0.34%. Ahead of next week’s Fed rate decision, the market largely stayed on the sidelines, with trading volume remaining on the low side. BTC fell from the 24-hour high of $66,314.9 to $65,167.6, down about 1.16% cumulatively over the past 24 hours.

The main driver behind this move was the ongoing escalation of the military conflict between Iran and Israel. Deteriorating conditions in the Middle East pushed oil prices to a six-week high: Brent crude was $94.07 and WTI was $86.83. Rising oil prices directly lifted inflation expectations, and the market worried the Fed may be forced to keep the high interest rate environment in place longer, putting pressure on risk assets. As a high-volatility asset, BTC was hit first as macro uncertainty intensified, and it failed to receive clear safe-haven buying support like gold.

Meanwhile, cross-catalyst factors in the market compounded the volatility. News that the Trump administration plans to impose permanent new tariffs on 60 countries further increased macro uncertainty; Fed Chair Kevin Warsh’s decision to abandon forward guidance also amplified market caution. Order book data shows the bid-ask depth ratio is only 0.41, with sell orders clearly leading. Against a backdrop of low trading volume, the market’s wait-and-see sentiment remained strong. Technical indicators show that the 1-hour MA signals are bearish, and ADX=36.45 confirms that the short-term downtrend is already in place.

Volatility risk remains for now. You should watch the $64,651 support level below; if it breaks, BTC may test the $63,500–$64,000 range. Going forward, key things to monitor include the wording of the Fed’s July 28–29 FOMC statement, whether the Iran–Israel conflict escalates further and pushes oil above $100, and changes in trading volume to confirm the short-term direction. It is recommended to monitor macro news developments and whether key price levels break.