'12 Day War' Over: Bulls Regain Control

After a weekend of strikes and escalating tension, the US is now directly involved in the Israel-Iran conflict. But this morning, we wake up to US President Trump announcing a ceasefire between Israel and Iran, dubbing the standoff the ‘12 Day War’. The ceasefire is expected to take effect within the next 24 hours.

While Iran did launch missiles at a US base in Qatar prior to the announcement, no injuries were reported and only one of the nineteen missiles actually hit the base.

Despite initial claims that the ceasefire was fake, a senior Iranian official has confirmed the agreement, mediated by Qatar, is legitimate and in place.

In hindsight, the market’s hesitation last week was spot on. This brief period of conflict didn’t lead to a broader breakdown, and while gold and oil rallied, they didn’t break out far enough to suggest a prolonged war was on the cards. Meanwhile, Bitcoin, the S&P 500 and Nasdaq all saw relatively shallow pullbacks considering the geopolitical weight.

Risk-on sentiment is back in full force. Traditional indices like the S&P 500 and Nasdaq have essentially regained all ground lost over the past couple of weeks, and the crypto market is even greener.

Bitcoin is up nearly 5%, reclaiming $105K and erasing its entire weekend drawdown. Many altcoins have printed double-digit gains in the last 24 hours, fully reversing losses from the US-Iran exchange.

Investor confidence is back. Sentiment is rising, up nearly 20 points, pushing the BTC Fear and Greed Index from neutral into greed territory. It's clear in the charts: the war risk is behind us, risk-on assets are rallying again, and bulls are firmly in control. With no major distractions ahead, Bitcoin looks set to retest its all-time high in the coming weeks. Once again, this period proves that times of war often provide opportunities to accumulate. And while markets have bounced, prices are still lower than they were a week ago. Momentum is strong and firmly with the bulls. It’s not too late to average into a Bitcoin position or accumulate undervalued altcoins.

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