It has been more than 75 days. The geopolitical conflict between the United States and Iran can last for so long. I believe Trump himself did not expect it. It is estimated that he is now regretting a mess, but the matter has already happened and must be resolved as soon as possible. Today, although Vance has said that the negotiations with Iran have achieved certain results, the market has disbelieved the story of the wolf coming. The current market depends on the oil price. If the oil price does not come down, it means that inflation cannot be alleviated. From the situation in the Strait of Hormuz, it can be seen that the US Navy has increased its blockade of Iranian ports and today expelled some ships attempting to approach Iran, which is a significant blow to Iran's shadow fleet. Therefore, when neither side is willing to intensify their attack, they are holding each other's throats and watching who cannot breathe first. But Hormuz is not just about oil, but also about food and fertilizers. So the longer the time, the more unfavorable it will be for Iran. Considering their own interests, both Europe and Asia may advise Iran to open up the Hormuz. The reasoning is indeed understandable, but I really don't know when Iran can resist. Last time, the IEA said it would be until the end of May, and now there are still 10 days left. I hope it can be resolved. Looking back at the data of Bitcoin, with the decline of the US stock market, BTC is indeed oscillating downwards, but it can be clearly felt that the magnitude of Bitcoin's decline is starting to slow down, mainly because the number of short-term turnover investors is decreasing, and more investors tend to hold for the long term. Moreover, most investors know that the current decline is caused by the game between the US and Iran, and the probability of a rebound once the war ends is high. So there is no sign of a large number of investors selling, and the daily turnover is not intense. Investors are still in a rational attitude for the time being. Bitget is here, VIP! Crypto、 US shares CFD， Global Advantage One Stop Layout