Nothing particularly new happened over the weekend, mainly Trump continues to stir things up. On Friday, he mentioned lowering credit card interest rates by 10%, which received criticism. Then on Saturday, he started contemplating strikes against Iran. Trump is straying further away from the path of securing votes. The situation in Venezuela is still unresolved, and now he’s eyeing Iran. However, on Saturday, Trump signed an executive order declaring a national emergency to protect Venezuelan oil revenues stored in U.S. Treasury accounts.
It's hard to say what the impact on the market will be. If he can replicate the results achieved in Venezuela, it might be okay, but at this stage, who can say for sure? It seems to be a choice made by Trump and the Republican Party for the midterm elections. We’ll know the market's reaction by Monday.
Looking at Bitcoin data, nothing special happened over the weekend. The price of $BTC continued to fluctuate slightly around $90,000. By Monday, we should see how Trump's actions affect the market. The trading volume over the weekend wasn't particularly high, mainly involving short-term investors.
The chip structure appears to be healthy, but the current bottoming process is a bit chaotic and likely needs some adjustment. Overall, the previously established $90,000 level still has strong attraction.
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