Although I said yesterday that the impact wouldn’t be significant, luckily I haven’t been proven wrong yet. But the geopolitical effects are still ongoing, and the U.S. stock market has opened. So far, the fluctuations are still manageable. This week, macro labor data will be released, but there’s unlikely to be a rate cut in March, and April doesn’t seem likely either, so the impact might be minimal. The bigger factor is the developments in Middle Eastern geopolitics. Especially whether it ends quickly or continues to escalate—these two scenarios will have very different impacts on gold, silver, oil, and risk markets. If there’s no sign of a quick resolution, it might not be good news for risk markets. If U.S. stocks show negative sentiment, BTC won’t be spared either. Let’s keep an eye on tonight’s situation, as it’s the first weekday for U.S. stocks. Also, the market fear and greed index is already very low. Even if unforeseen bad situations arise, the depth of BTC’s dip might not be too severe. It’s likely to be more of a consolidation. But as for a new rebound, I think it’s still too early. We’ll have to endure a bit longer. Tomorrow is the Lantern Festival—happy holidays, everyone! Don’t forget to eat tangyuan!