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This wave of Bitcoin and $ETH plummeting must hit new lows, and all rebounds are opportunities for escape and shorting!
The US and Israel's attack on Iran won't end soon because Trump needs the midterm elections, and the military-industrial complex must keep feeding. Israel must seize the opportunity of so many US warships, aircraft carriers, and planes gathering to personally take action against Iran. Even if Iran is timid, it will fight desperately because this wave aims to wipe out all high-level officials of the current Iranian government. So you see, Iran immediately counterattacked this time, with all its allies launching a full-scale fight in the Middle East.
If they push too hard, they might completely blockade the Strait of Hormuz. Then oil prices will surge, inflation will explode, and a 1970s Middle East war-induced oil crisis and stock market crash could repeat!
At that point, capital will run away completely, and risk assets like cryptocurrencies will be the first to be drained of liquidity. The main players might take the opportunity to force a violent decline, pushing all retail investors to sell, causing margin calls on long positions, and smashing the market into a big pit. After that, the market will recover and start the next cycle. Right now, it's just one sentence: stay patient, protect your principal, and wait for the golden dip.