#BTC Here, BTC is behaving just like it did in December last year: trapped in a narrow range, repeatedly oscillating like a door! Last December, this happened due to U.S. holidays; now, it’s due to the recurring war. My view remains unchanged: if a major drop were coming, it would have started around the time Trump made his remarks. Oil prices have just reached highs, and various risk assets still show some resilience. The Iran-Israel war is a subjective conflict, much like Trump’s unilateral tariffs in April last year. Trump has consistently emphasized that the war will end quickly. As a result, risk assets—held down by rising oil prices—will likely surge sharply once the war ends sooner than expected. Whether this will trigger a major market reversal like the one in April last year is still unclear, but at the very least, we can expect significant upward pin bars.