Geopolitics is at it again—always up to something!
Across the Strait of Hormuz, it’s said that Iran and the U.S. may be close to a deal. U.S. officials say that once the agreement is announced, the U.S. will lift the blockade of Iranian ports. Trump started saying “it’ll be all set soon” as early as Saturday—those words sound a bit familiar.
On the other side, Ukraine hasn’t been idle either. Drones hit a Russian oil refinery again. The Ilsky refinery was struck and caught fire, with five people injured. Since July, there have already been seven refinery explosions—this pace is definitely intense.
Oil prices jumped by 1.15% to $78. But if Hormuz shipping really can be restored, oil might finally get some relief.
Now, in times like this—$BTC $ETH —everything basically depends on macro conditions. In theory, easing geopolitics is good for risk assets. But how the market interprets it is anyone’s guess. It’s also possible that “good news has already been priced in,” and the rally could get dumped just as easily.
Over in Europe, natural gas storage is still a problem. Germany’s latest move is a little risky—winter could be rough.
Short-term volatility is definitely unavoidable. As for direction, it’s really hard to say. In a market driven by headline news like this, chasing highs and selling lows is easy to get trapped. Let’s just watch for now.
NFA DYOR
#BTC #ETH #Crypto #Macro #OIL
Across the Strait of Hormuz, it’s said that Iran and the U.S. may be close to a deal. U.S. officials say that once the agreement is announced, the U.S. will lift the blockade of Iranian ports. Trump started saying “it’ll be all set soon” as early as Saturday—those words sound a bit familiar.
On the other side, Ukraine hasn’t been idle either. Drones hit a Russian oil refinery again. The Ilsky refinery was struck and caught fire, with five people injured. Since July, there have already been seven refinery explosions—this pace is definitely intense.
Oil prices jumped by 1.15% to $78. But if Hormuz shipping really can be restored, oil might finally get some relief.
Now, in times like this—$BTC $ETH —everything basically depends on macro conditions. In theory, easing geopolitics is good for risk assets. But how the market interprets it is anyone’s guess. It’s also possible that “good news has already been priced in,” and the rally could get dumped just as easily.
Over in Europe, natural gas storage is still a problem. Germany’s latest move is a little risky—winter could be rough.
Short-term volatility is definitely unavoidable. As for direction, it’s really hard to say. In a market driven by headline news like this, chasing highs and selling lows is easy to get trapped. Let’s just watch for now.
NFA DYOR
#BTC #ETH #Crypto #Macro #OIL