At 8:49 PM, Israel publicly announced that the war against Iran will last at least three weeks or more. There was a short-term decline with volatility of 1% lasting 45 minutes. The main impact was that the Nasdaq decline indirectly drove the crypto market down.
From a personal perspective, regarding the ongoing Iran war, the market should have already anticipated this, and it's not breaking news. I believe the decline won't be significant. The main focus should be observing how the Nasdaq performs in the approaching Monday's Asian and US sessions. Currently, I'm not considering shorting.
There's a relatively imminent bearish factor: the Federal Reserve will most likely not cut rates on March 19. This is not just my view, but also the consensus of the broader market. The recent rallies have been mainly driven by MicroStrategy's buying. My thought is that it would be best to short after MicroStrategy finishes their buying spree.
Live Stream Summary
At 8:49 PM, Israel publicly announced that the war against Iran will last at least three weeks or more. There was a short-term decline with volatility of 1% lasting 45 minutes. The main impact was that the Nasdaq decline indirectly drove the crypto market down.
From a personal perspective, regarding the ongoing Iran war, the market should have already anticipated this, and it's not breaking news. I believe the decline won't be significant. The main focus should be observing how the Nasdaq performs in the approaching Monday's Asian and US sessions. Currently, I'm not considering shorting.
There's a relatively imminent bearish factor: the Federal Reserve will most likely not cut rates on March 19. This is not just my view, but also the consensus of the broader market. The recent rallies have been mainly driven by MicroStrategy's buying. My thought is that it would be best to short after MicroStrategy finishes their buying spree.