Tracking the latest developments in the Middle East.

Honestly, I don’t have a clear view yet on how this could affect markets next week or how it develops from here.
I watched Trump’s message to the Iranian people and, to be honest, it’s concerning. Overthrowing a government is not simple, and if this turns into a broader conflict with troops on the ground, the market impact could be significant.
For now, my positioning hasn’t changed. I’m mainly tracking market structure and on-chain data before taking any more decisive stance on the low-timeframes.
I remain hedged across most of my spot exposure in risk assets, especially crypto proxies, until we see clear signs of strength and recoveries above the key high-timeframe support ranges that were lost.
As I mentioned on Friday, many of these stocks are currently backtesting important POIs that were previously lost.
Now the real question for me is whether these headlines line up with a bearish retest before another leg lower. That’s what I’m watching closely right now.
Because of that, I think the best approach is to stay defensive and conservative in the short-to-mid term until there’s more clarity on how this develops.
I’ll go deeper into this situation, the macro data from this week, and my positioning in this weekend’s Weekly Market Wrap-Up, which I’ll share for everyone, free inside the Patreon.
Stay tuned.