BTC was mentioned in the article as early as 2 AM on the 21st, where it was noted that short sellers were very active in watching. It had been known for several days that the short events were related to the Israel-Iran war.

BTC saw the easing of the event (war) at four o'clock on the 20th, which indicates that something is starting to take effect, and it was mentioned that Trump has postponed the bombing date.
Therefore, the article mentions that after nothing happened in the morning, things would start to ease. The price just began to rise.
For such events, since there is no direct relationship between the event and the price, the price is entirely speculative. In the previous text, it was explained how to understand unrelated events in relation to price.

Here, I will briefly share my views on how to understand the impact of unrelated events on price:

Since events are unrelated to price, they are completely based on major speculators using the news that appears to intentionally place orders that make people think missile buttons equal buy or sell. This is deliberately intended to keep retail investors engaged, making them not stray from the emotional guidance of price.

So why is the price not moving while the war is bombing? Because there is no speculative tipping point; if one cannot write an astonishing article, a direct sell-off by speculators carries the risk of being bought back. This explains why there is no movement.

Therefore, after Trump's decision to ease and postpone in the morning, it will impact the price rebound because short sellers need to wait for the media to release bombing news.
Speculators are also human, keeping an eye on the news and seeing easing information, so they feel that the chances of a tipping point in this situation are low, and a direct sell-off would become fuel for the bulls. Thus, the opportunity to short decreases and a rebound occurs.
So, events do not equal price, but one can consider changing their mindset, realizing that speculators use news, and that missile buttons are not necessarily sell or buy.