April 24, 2026, continuing to follow this thread and talk about the market. 1. On the geopolitical front, the nature of the US-Iran war has clearly shifted—from a hot war to a war of attrition centered around news, economics, and negotiations. I think most of what Trump said is true (Image 1). Attrition: The US has the world's most powerful comprehensive national strength and the vitality of a new wave of AI technological revolution. As for Iran, I honestly can't think of anything. As long as the US-Iran war continues to develop within this framework, its impact on the market will become increasingly minimal. 2. The "CLARITY ACT" bill is reportedly delayed until May, but for now, its influence on the market doesn’t seem significant. 3. Liquidity (Image 2) has indeed decreased as expected, but for now, its impact on the market also doesn’t seem significant. 4. The slight bearish factors from points 2 and 3 might have been offset by other louder news, like war noise or AI developments. 5. As for crypto, I personally think it’s already reached a phase-top range. The reason it’s not dropping yet is because we’re in a waiting game. After all, even I know it’s likely at a phase-top range, so everyone else definitely knows too. Then everyone starts shorting, and if everyone shorts and the price drops, everyone makes money—how could that work? So, we’ve got to wait it out a bit longer.