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（1）Analysis: Disruptions in transportation through the Strait of Hormuz have raised concerns about supply interruptions, prompting the market to quickly price in a risk premium and driving oil prices to gap up and break through key resistance levels. More than 20% of the world's crude oil transportation relies on this route, and if the situation persists, expectations of supply-side tightness will be difficult to ease. From a technical perspective, the price has broken through the upper boundary of the range, forming a trend extension structure with strong short-term momentum. Although there is a risk of profit-taking, oil prices are likely to continue a bullish consolidation as long as geopolitical risks remain unresolved. （2）Key focus: Geopolitical situation, inventory data, US Dollar Index （3）Resistance: 70.60, 71.50, 72.00 （4）Support: 69.50, 69.00, 68.00

（1）Analysis reasons: The situation in the Middle East remains tense, with risk aversion sentiment and inflation expectations resonating, providing dual support for gold. The surge in oil prices has intensified market concerns about future price increases, boosting demand for gold as an anti-inflation asset. From a technical perspective, the daily chart shows a gap up opening close to the previous consolidation range, with bullish momentum being released and the moving average system displaying a bullish alignment, indicating a strong trend structure. Short-term volatility has increased and there is overbought pressure, but with risk aversion sentiment in play, the overall upward trend is still expected to continue. （2）Key focus: US Treasury yields, US Dollar Index, geopolitical situation （3）Resistance: 5350, 5400, 5450 （4）Support: 5300, 5250, 5200;

According to ChainCatcher, citing data from The Block as shared by crypto KOL YashasEdu, the total amount of funding for crypto startups in February reached $883 million. However, overall, the number of venture capital deals hit a 5.5-year low, and the funding amount has dropped by about 80% compared to the 2022 peak. Capital is now concentrating in a few specific areas, such as stablecoin infrastructure, custody, and compliance tools. Of the tokens to be launched in 2025, 85% are trading below their opening price, and the VC narrative has shifted to a “revenue-centric” focus.