Today's market has two main factors. First, the geopolitical conflict in the Middle East has entered a relatively fragile ceasefire stage, and the market generally expects that the Strait of Hormuz will not be blocked. This continues yesterday's judgment, and the addition of the ceasefire agreement has further eased market sentiment, driving up BTC.

Secondly, there was a hearing attended by Powell, and the overall information was relatively limited, which can be summarized as follows: The main reason for not lowering interest rates is the inflationary pressure brought by tariffs, and a rate cut in July is almost not on the discussion table, but September may become a window for policy adjustment. The U.S. economy remains robust, with a strong job market, and the Federal Reserve does not need to lower interest rates to alleviate pressure on the employment front.

Overall, as long as the ceasefire agreement does not break down and oil prices remain stable, the current trend of BTC remains optimistic, but caution is still needed regarding potential fluctuations caused by geopolitical risks.