The biggest factor affecting the price trend of $BTC right now is the price of crude oil.
You don't need to follow the news anymore.
There's no need to analyze how the news affects BTC.
Just keep an eye on crude oil prices and see whether they break higher after moving sideways or move sideways and then fall. This will determine whether BTC rises or falls.
The transmission mechanism is as follows:
High crude oil prices → higher inflation → increased expectations of interest rate hikes → downward pressure on risk assets such as BTC and U.S. stocks.
Conversely, low crude oil prices → lower inflation → reduced expectations of interest rate hikes, or even the possibility of rate cuts → positive for risk assets such as BTC and U.S. stocks.
You don't need to follow the news anymore.
There's no need to analyze how the news affects BTC.
Just keep an eye on crude oil prices and see whether they break higher after moving sideways or move sideways and then fall. This will determine whether BTC rises or falls.
The transmission mechanism is as follows:
High crude oil prices → higher inflation → increased expectations of interest rate hikes → downward pressure on risk assets such as BTC and U.S. stocks.
Conversely, low crude oil prices → lower inflation → reduced expectations of interest rate hikes, or even the possibility of rate cuts → positive for risk assets such as BTC and U.S. stocks.
