Today (May 6), gold continues to be strong, the dollar is oscillating at low levels, U.S. bond yields continue to rise, NASDAQ futures are down, and although BTC is still in a downward trend, it has not fallen significantly.
Overall, the real demand for hedging is trending towards a rebound, but BTC shows sustained buying demand. Currently, Iran is facing U.S. oil sanctions, and before OPEC's successful production increase, the oil supply channels from Iran have been removed, which indirectly drives crude oil tightening in the short term, and the correlation between BTC and crude oil prices is rising.
There is a possibility that behind this phenomenon, the mysterious Iran is viewing BTC as a channel to bypass sanctions. Because of this, Iran has likely become an important partner in the U.S. manipulation of the BTC market. The so-called oil sanctions only prevent 'non-U.S.' countries from purchasing Iranian oil.
In this process, both the U.S. and Iran can achieve a win-win situation.
The possibility of BTC achieving unexpected gains this year has increased.
The channel to become a crypto millionaire still has a small gap for everyone to pass through.
BTC target price: 200,000 USD
Key events:
1. U.S. media continues to hype the possibility of a reversal in the ceasefire expectations between Russia and Ukraine, emphasizing the continuous increase in European military spending and the significant threat Russia poses in the eyes of Europeans.
On one hand, it raises the hedging demand in the European risk market, while old money still prefers to generate income through gold.
On the other hand, it actually shows Europe's desire to negotiate for low-priced natural gas from Russia, which reduces the real expectation of war. Russia's planned three-day ceasefire starting on the 8th, in conjunction with the interest rate decision on the early morning of the 8th, remains one of the core events that could bring surprising gains in the near future.
It may not necessarily be on the 8th, but the 8th could become a real turning point for short-term market sentiment.
2. Last night, Buffett's Berkshire Hathaway plummeted 6%, signaling market distrust in Buffett's successor and a further loss of confidence in the dollar market (Buffett hinted at a bearish outlook on the dollar market in his speech). U.S. media also emphasized that the market has lost patience with the trade negotiation results that have yet to materialize, pushing market sentiment back to a wait-and-see stance.
This shows the U.S. side's desire to suppress the market again in the short term.
That is, in the risk market already in a downward trend, it is highly probable that it will further explore downwards.
❤ Serious Statement ❤ The above is only personal judgment and does not constitute investment advice. No responsibility is assumed for any consequences arising from this. Investment carries risks; operations should be cautious.
