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This wave of market surge is primarily driven by Trump's statement about ceasefire and the upcoming opening of the Strait of Hormuz, but so far these are just empty promises. It feels like a pure tactic to suppress oil prices. Even if oil prices don't continue rising, the 90+ price level is still 50% higher than the pre-war price of 60, causing inflation to skyrocket and production costs to surge significantly. The probability of the U.S. entering a recession is increasing, and the subsequent market trend remains pessimistic.
From a short-term perspective, Big Bitcoin is oscillating within a small consolidation range, with support around 69000 and resistance around 72000. Maintaining a bearish stance.