There are two main factors in today's market. Firstly, the geopolitical conflict in the Middle East has entered a relatively fragile ceasefire phase, and the market generally expects that the Strait of Hormuz will not be blocked, which continues yesterday's judgment. Coupled with the ceasefire agreement, market sentiment has further relaxed, driving the rise of BTC. Secondly, the hearing attended by Powell had a relatively small amount of information, which can be summarized as follows: the main reason for not cutting interest rates is the inflationary pressure brought by tariffs. The July interest rate cut is almost not within the scope of discussion, but September may become a window for policy adjustment. The performance of the US economy remains robust, with a strong job market, and the Federal Reserve does not need to ease employment pressures through interest rate cuts. Overall, as long as the ceasefire agreement does not break and oil prices remain stable, the current trend of BTC remains optimistic, but we still need to be vigilant about potential fluctuations caused by geopolitical risks. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex