The Nasdaq has been oscillating between 24,000 and 25,000 points over the past month without significant fluctuations, indicating that while the market acknowledges the war's progression, it hasn't reached a panic stage yet. After all, everyone knows that although the war has driven up oil prices in recent weeks, rising oil prices have triggered repeated inflation concerns. However, the war is unlikely to last very long. Moreover, investors currently don't expect the Fed to cut rates before Powell leaves office.

So although the market appears quite bustling, the bigger risks aren't currently from the war itself. Of course, if the war escalates, risks will also escalate—if it reaches nuclear war, that would be the highest-level risk. Currently, the biggest risk is likely the pessimistic expectations triggered by high interest rates. For example, while credit hasn't really been problematic, institutions are acting like startled birds.

Early Thursday morning is the Federal Reserve's interest rate decision meeting. This meeting shouldn't bring any changes. Reporters will probably mainly ask about the war's impact on inflation. However, given the changes in tariffs, I think Powell this time might lean slightly dovish and neutral.

Looking back at BTC data, the turnover rate started to decline today. While prices rose slightly, trading volume didn't expand significantly, indicating that investors' desire to sell isn't very strong. Monday's turnover was already quite substantial, and the chip structure shows no difference from before. All data are very healthy.#BTC