Don't focus only on the coin's price—look up and take a glance at oil. Russian Deputy Prime Minister Novak said that if the Strait of Hormuz remains blocked, oil prices will continue to rise. Many people immediately think that war is good for hedging and for $BTC , but I suggest you reconsider that view. Rising oil prices entrench inflation, expectations of rate hikes won't go away, and risk assets will suffer together. Bitcoin has never been a hedging asset in this equation; it's a high-beta, high-risk asset. CME is already pricing in a 90% probability of a rate hike in December, and under these macroeconomic conditions, rising oil prices are no boon for crypto. If you want to buy the dip, first take a look at two-year U.S. Treasury bonds, then decide whether to act$CL $BZ $BTC