The root cause of this market panic is actually a strategic misjudgment by Trump. He previously relied on creating chaos around Maduro to force Venezuela into quick concessions, which worked and gave him a taste of success. He then wanted to use the same approach to pressure Iran by killing off Hamedani, but Iran held firm. Now Trump is the one under pressure, forced to escalate— the third aircraft carrier is already on its way, but Iran has low-cost drone attacks and is supported by Russian satellite positioning, making it impossible to suppress in the short term.

The situation has become deadlocked, and the market's reaction is somewhat similar to last year's tariff war: first, a big hit to scare everyone, then Trump can't withstand the public pressure and forcibly declares victory, leading to a potential rebound in US stocks and cryptocurrencies. This process will take at least a few weeks.

The current issue is that by 6 a.m. on Monday, oil and US stock futures will open, and emotions will likely be released first. The crypto market is slightly better because it has already fallen over the weekend, and 24-hour trading has helped release some risk in advance. But the overall trend remains downward, and the negative factors haven't been resolved. A rebound after a significant drop isn't surprising.

If there's really a chance for a rebound, for example, if Bitcoin returns to the 69,000 to 70,000 range, I will consider re-entering for a long-term position!