#加密市场观察 A strategist at Morgan Stanley observed that ahead of the interest-rate decision meeting, investors significantly increased positions in long USD and short GBP—data from both the options and futures markets point to a signal to go long USD. This is not good news for the crypto market, because a strengthening dollar typically weighs on the performance of risk assets.

Historical data shows that during phases when expectations for rate hikes heat up, risk assets such as Bitcoin often face downward pressure. Investors should pay special attention to the fact that Trump’s repeated, wavering stance on the Iran issue has repeatedly triggered sharp market volatility.
In addition, Trump’s earlier friendly remarks about the crypto market may mean that if he successfully pushes forward a diplomatic breakthrough, the crypto market would receive a double tailwind. But before that happens, the combination of these two factors means that volatility is far from over. If negotiations between the U.S. and Iran achieve a breakthrough, risk assets could see another round of rebound; but if the U.S. Federal Reserve releases a hawkish signal, market sentiment will be hit again. This week could be one of the most critical weeks for the crypto market this year. $BTC ‌