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$ETH The geopolitical conflict between the US and Iran, yesterday Trump said the "big" event hadn't happened yet. Today, he mentioned a strike three times the previous supply, which should be the big one. We can also see that Qatar is involved in the attack sequence today, likely a counterattack against the attacks on Dubai and the UAE. The current situation is quite clear; ending the war sooner is better for risk markets.
However, Iran's retaliation is still ongoing. The blockade of the Strait of Hormuz caused US oil prices to spike to a high of $78 today, leading to a collective decline in risk markets. But $BTC has shown relatively strong resilience. Today, the VIX hit a new high since 2026, but it’s still not easy for Bitcoin to maintain at $68,000.
A rebound to around 2056-2066-2088 could be a good point to short.