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The Iran war is still raging, the Strait of Hormuz is not open for a day, oil prices do not fall for a day, and Bitcoin has no saving for a day.
Brent has already stepped on the $100 threshold, and Goldman Sachs has raised its Q4 target price sharply from $80 to $90. Morgan Stanley’s Chief Global Strategist Ronald Temple said plainly that the stock market has already priced in the most optimistic scenario, and the risk-reward ratio is severely imbalanced. High energy prices at high levels mean the decline in inflation is being slowed, and the Federal Reserve can only keep playing possum, standing still and doing nothing. As long as the war premium does not fade for a day, the Federal Reserve will not dare to act for a day. As long as oil doesn’t tank, even Bitcoin’s crumbs can’t fall.
$BTC $ETH $DOGE