This weekend wasn’t exactly quiet. Last week, the U.S. kept spreading the word that the Strait of Hormuz is no longer under Iran’s control, claiming that oil transportation has almost returned to pre-war levels. Probably to counter this narrative, the Iranians didn’t say much but went straight to action, attacking ships in the Strait of Hormuz. According to the news, there have been seven attacks in the past five days, with two or more incidents just in the last 24 hours. Shipping costs, which were already expensive, are probably even higher now. With just a month left until the midterm elections, even though Trump says the war will end after the elections, who knows when that’ll actually happen—one year, two years? What Trump says is as unreliable as his promise to give everyone $5,000. Right now, it’s just a standoff between the U.S. and Iran to see who caves first. Personally, I think the key focus lately should be on the 10-year U.S. Treasury yield. Whether it’s the recent PCE data or non-farm payroll data, you can pretty much gauge whether the news is bullish or bearish by looking at the 10-year yield. If the yield keeps rising under the current circumstances, it’s likely not good news for U.S. risk markets. Bitcoin’s reaction today has been pretty solid. The selling pressure seems to have noticeably eased, and there’s an upward trend in investor buying interest. At least for me, I’m preparing to increase some buying power and see if there are any good entry opportunities. That said, I’m still quite concerned about the mid-October CPI data, so for now, I’m sticking mainly to bitcoin:native dual-currency strategies. Shoutout to @Gate, trade more markets!