$BTC Global oil markets became very tense due to Middle East conflicts and disruptions in Hormuz transportation, so IEA member countries opened their reserves and released oil to supply the market with additional crude, pressing down oil prices and easing some panic. The IEA stated this is the sixth time in its history and also the largest scale of combined emergency reserve release. For oil price predictions for next Monday, it is estimated this could lower it somewhat.

Looking back at Bitcoin data, trading volume increased somewhat today, likely still due to the war situation. Earlier there was concern about oil price increases causing declines, but later there was an increase due to IEA's release. Overall, the current situation is still quite straightforward. As long as oil prices ease somewhat, the market will improve. If oil prices remain tight, the market will face bigger troubles. At 2 a.m. Thursday next week is the Federal Reserve's interest rate meeting. There really isn't much notable at present. March will definitely have no changes, and it is also not Powell's last meeting, so the impact won't be too significant, at most just short-term sentiment. No need to pay excessive attention for now.