Good morning, brothers. Yesterday, BTC once dropped below 60,806,610,199,100. Last week's analysis predicted that it might drop below $100,000, and reminded everyone that if it does drop, we should boldly buy the dip on BTC.

Today's market is unstable, and it may continue to correct below $100,000. The reason for the sharp decline is the escalation of conflicts after the U.S. bombed Iran. [frown] The Iranian parliament approved the closure of the Strait of Hormuz!

This is the most important waterway in the world. If it really closes, U.S. ground troops may enter Iran and directly engage in war, turning the Middle East into a sea of fire, leading to more severe conflicts. Therefore, the whales are taking this opportunity to continue washing the market, and we must not be washed out.

Will it plummet again? How will it proceed next?

(1) Although the Iranian parliament approved the closure of the Strait of Hormuz, the possibility is low, because killing 10,000 enemies would self-inflict 8,000 [eating melon]. Iran's economic lifeline is oil; if the strait is closed, they will have no income either. Therefore, it may just be a scare tactic and may not be executed. After the parliament's approval, it needs to be executed only after the Supreme Leader, Khamenei, decides.

(2) Next, the issue will be resolved through negotiations. The possibility of a full-scale war breaking out is very low, as the forces on both sides are imbalanced, with Iran being too weak and the U.S. and Israel being too strong. Therefore, it may be a limited conflict followed by negotiations: Iran launches symbolic retaliation → the U.S. suspends further strikes → international mediation resumes, and both sides exchange "freezing the nuclear program" for easing sanctions.

(3) The BTC reserves at exchanges have not significantly increased, and the proportion of whales is still increasing, with whales still accumulating. After the Iranian issue is resolved, BTC is likely to break new highs. The process of war and conflict may last about a month, and BTC may still drop below $100,000. If it drops, we should boldly buy the dip.

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