Over the weekend, the US-Iran situation continued to heat up, oil prices rallied again, but it had limited impact on the crypto market. In fact, not many people are trading based on expectations for the development of the US-Iran situation.

But let me put a but on it: the inflation stickiness caused by the shift in the oil price center will, sooner or later, flow into the pricing of risk assets—only the transmission lag is longer than most people expect. The market did not react immediately doesn’t mean it can be ignored.

Earlier, we bottomed out and bought BTC at 58,000, and ultimately took profit at 63,000—just a bit of a missed sell. The general reasons are clear to everyone: in those days, the rally failed to sustain at the highs, and we saw several rounds of “stagnation” or “false breakout” price action. Plus, with the US-Iran situation creating a distraction, people wanted to lock in some profits and hedge risks.

Then in recent days, I also advised in the group and livestream that everyone should short between 63,000 and 64,000. You might be slightly down for now, but don’t rush. Being in unrealized loss is the normal cost of a trial position; the key is whether the underlying logic is broken. As things stand, the logic hasn’t changed. Let’s give the market a bit more time to confirm. Right now, the crypto market still lacks an upside rationale, and the US-Iran situation also counts as a potential risk, making it difficult to open room to the upside in the short term.

Next, we’ll focus on deciding based on the inflation data and how geopolitical events evolve. Keep an eye on tweets and the updates in the group. #美伊战争阴云再起 $BTC