Breaking news: Iran has submitted a new proposal for US-Iran negotiations via intermediary Pakistan. Crude oil prices took a short-term dip, while Bitcoin surged rapidly, with the current price skyrocketing to around $78,800. The US-Iran war and negotiation dynamics have a significant impact on the price trends of oil and Bitcoin. With the US-Iran situation fluctuating, Bitcoin prices are all over the place—sometimes even technical analysis fails! That said, the weekly 4th wave dead cat bounce is nearing its end, and the 5th wave, though delayed, will eventually arrive! Patience is key! The two-month War Powers Resolution expired on May 1, stripping Trump of his legal authority to act as the emergency wartime commander-in-chief. Today, US officials preemptively announced the end of the war, signaling a growing anti-war sentiment within the US and mounting internal pressure on Trump. On April 30, according to the Associated Press, Trump proposed a new plan to reopen the Strait of Hormuz. A senior government official stated that under this plan, the US would continue to blockade Iranian ports while coordinating with allies to increase pressure on Iran's attempts to disrupt the free flow of energy. The anonymous official mentioned that Trump is weighing various diplomatic and policy options to force Iran to relinquish control over this critical waterway. The surge in international crude oil prices has led to rising domestic energy costs in the US. However, the two major US energy giants are resisting White House pressure to increase oil production, citing concerns that expansion would deplete cash flow, as they prefer to maintain sufficient liquidity. The pressure on allies is immense. The Japanese yen nearly spiraled out of control, prompting the Japanese government to intervene in the forex market. If the yen continues to weaken, Japan may keep selling dollars to buy yen. And this is just one example—if the US-Iran situation doesn’t ease and crude oil prices remain high, other allies may also find it increasingly difficult to withstand the pressure.