It is another painful day. Although the homework is not complicated, it is very annoying, not because of the price drop, but because of this "unforeseen disaster" which we cannot even see the end of. Previously, Trump clearly stated that it could be resolved before his visit to China, but now it seems that if we stick to the original mid-May timeline, stopping it won't be easy. This is mainly because Iran does not quiet down like Venezuela did after the decapitation. Although the decapitation was successful, the troubles are not over.
Today, the price of American oil finally rose to $100. On March 9, it peaked at $117, but within a few hours, it dropped again. However, the market not only does not anticipate a decline but believes there is a chance for oil prices to break through $150, or even higher, which indicates a lack of optimism about the short-term resolution of the war.
Today Powell attended an event and delivered a speech, expressing the same concerns as after the monetary policy meeting. The Federal Reserve is trapped in a dilemma, facing both the risk of a downward labor market and the risk of upward inflation at the same time. This indicates that the Federal Reserve is very cautious about adjusting interest rates, and the market generally believes that the Fed will cut rates at most once in 2026.
Regarding U.S. debt, Powell believes that the total amount of U.S. debt has not yet reached an unsustainable level, but its current trajectory is unsustainable. Although this is not the responsibility of the Federal Reserve, if not handled promptly, the outcome may not be optimistic. He also expressed concern over private credit, stating that private credit is only a relatively small portion of a very large asset pool, but the Federal Reserve is still paying attention to it.
Looking back at Bitcoin's data, although the war continues and the price of American oil keeps rising, the sentiment of short-term investors continues to decline, leading to a further drop in the price of $BTC. The war in Iran is currently the biggest shackles on BTC, but even after the war ends, many more shackles await, most of which stem from Trump.
#Bitget VIP, lower fees, better benefits
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
