Senior security officials warn that if the U.S. conducts ground operations in the Middle East, Iran will retaliate with proportional actions. The official stated that once the U.S. enters the ground combat phase, Iran will have the authority to respond with equivalent measures against the source of the threat. He also emphasized that any military action by "the enemy" in the Strait of Hormuz could lead to the complete closure of the strait, with no restrictions on the duration of closure. Yesterday, as the US-Iran conflict escalated, cryptocurrency prices drifted lower all day. Although technical indicators showed a bottoming pattern, the rebound was weak, and Bitcoin nearly dropped below 65. Currently, I am slightly profitable from the bottom-fishing. Patience is key—let's see how the negotiations turn out!

The US stock market also opened lower and declined further after the conflict escalation, with overall weakness suppressing the crypto rebound. The daily chart continued to close lower this morning, breaking below the lower band. After the breakout, there was a quick rebound, but the candle closed lower with a lower shadow. Additionally, in future investment initiatives, President Trump stated that the U.S. will become the undisputed superpower in the global Bitcoin and cryptocurrency space. Therefore, over the weekend, it might be worth trying to position at low levels for a rebound, and consider shorting near resistance levels!