Insiders say the Pentagon is preparing for the possibility that the U.S. and Israel may resume military strikes against Iran as early as next week. Options include heavier bombing or special forces moving into the ground. Negotiations have now hit a deadlock.

This completely reverses the earlier signals of a “breakthrough in talks.” If it comes to pass, the Strait of Hormuz will be shut down entirely, international oil prices will surge, inflation will skyrocket, the Federal Reserve will be unlikely to cut rates, and Bitcoin will face significant downward pressure.

In the short term, although this report has not been confirmed yet, the market will likely price in the risk early. It is recommended to dramatically reduce position sizes and wait for the situation to become clear. Once fighting starts, a pullback to the 70,000 level for Bitcoin is also not out of the question. #美国4月PPI同比暴涨6%