A lot of people are worrying about the #oil ’s price spike at current condition that may increases inflation in the future. In fact, it’s not the thing that we should be over focus right now.
Yes, war development is important. But I think, it will settle down soon. As long as the strait of hormuz doesn’t get closed, it will only be nothing burger to the market. Small chance that Iran will close it because it will hurt China, their biggest partner the most.
What we should be worry right now is the US tariff development. We’ll come into the deadline soon. I have a guess that there will be another 30-days delay as there isn’t any significant trade deal coming recently.
On the short term, I’m still expecting both $BTC and equity market to break new ATH as the blow off top scenario and as assumption that it’s a nothing burger war.
What I expect to be a shoot back of the top signal is this tariff uncertainty as well.
Short term bullish, long term looks to be in chaos.
Note : I don’t think BTC will reach below $100k again unless there is something broken structurally. Buying BTC now is at fair value.