The impact of war on finance/market trends is often the most counterintuitive. Looking back at the Gulf War, the market had already bottomed out before the U.S. officially started the war. During the preparation phase, especially when the U.S. was deploying troops, the market was at its most panicked. In the Gulf War, the S&P 500 dropped 18.4%, and the Dow Jones fell 21%, both hitting their lowest points two months before the war began. On the day the war started, the market actually skyrocketed. This time, the U.S. vs. Iran situation feels like a mini version of the Gulf War. So far, the S&P 500 has pulled back 9% from its peak, the Dow Jones 10%, and the Nasdaq 13%. BTC and ETH have retraced 43% and 60%, respectively. I also think we haven’t hit the absolute bottom yet, but shorting the market now definitely doesn’t feel right. The market’s reversal point will always go against most people’s intuition. If there’s more bad news causing the market to drop further, you’ve got to be brave enough to jump in.