$BTC For Trump, it is no longer a matter of whether or not to engage, but rather that whether he does or doesn't, he must begin to bear the consequences. The same applies to the market—as long as this conflict remains on the brink of escalation, what's being traded is not short-term sentiment, but rather the risks of high oil prices, reflation, and liquidity tightening.

Looking at Bitcoin data, Trump's antics today have already impacted $BTC. The $70,000 level that had been holding steady for quite a while couldn't withstand the pressure and dropped directly to around $68,000. Now we need to watch the reactions of Asian investors after the CME opens in the morning and American investors after the U.S. stock market opens in the evening. Once it gets light, there will likely be gaps again.