The situation between Iran and the U.S. suddenly escalates, and the market's "risk radar" is instantly fully activated. The term "black swan" begins to appear more frequently~

From historical experience, geopolitical conflicts primarily impact sentiment rather than the trend itself. According to Dow Theory: news influences prices, but the trend determines the direction. In the short term, funds will quickly shift to safe-haven assets, volatility will rise, gold will strengthen, and risk assets will come under pressure—these are often the first reactions. #Bitcoin is also likely to be sold off first as a high-beta asset~
But what we really need to be cautious of is not the decline itself, but the chain reaction caused by suddenly tightening liquidity—passive deleveraging, which is the sharpest wing of the black swan~
The market is never afraid of bad news; it fears the moment when no one is willing to take the other side. At this stage, more than predictions, it’s crucial to prioritize risk management and bring it back to the center of the trading system...
#IranWar