Guessed the oil price rebound right! WTI bounced back—after all, it’s been dropping since 9/16 until yesterday. No asset can go up forever, and of course, it won’t keep dropping forever either. It’s always about ups and downs, back and forth. The rebound in oil prices has triggered a pullback in risk markets, and $BTC has also dropped back to around 83. Now that Dongda (Eastern University) has arrived in the U.S., let’s see if the meetings over the next couple of days can mediate U.S.-Iran talks to continue. Plus, the midterm elections (early November) aren’t far off. Trump might tone it down and show some restraint, right? So, it’s decision-making time again: 1️⃣ If Dongda’s mediation works and Trump pushes for talks, then oil prices (WTI) are currently around 91.5, which is relatively stable for now. It might fluctuate and rebound to around 95? (100 seems unlikely, but who knows) before continuing to drop. In this case, risk markets could see another wave of recovery. $BTC would also rebound—how high, I’m not sure, but it’ll bounce back. 2️⃣ The second scenario is continued confrontation, oil prices stay high, and risk markets remain under pressure and keep falling. Personally, I’m leaning toward the first scenario, especially with the midterm elections coming up. Maybe Dongda can convince both sides to sit down and talk. Then we’ll reassess after the midterms. Also, looking at the K-line trend, the structure of the oil price pullback doesn’t seem to be complete yet. Last time, after the U.S. visit, oil prices started to drop a few days later. Anyway, it’s just a matter of a few days now. Just adjust your strategies accordingly!