The weekend ended happily. Although I said I was happy, I didn't buy a single cent of dual-currency weekend investments mainly because I was worried about a sudden big drop, which has little relation to the price of $BTC. My main concern was that during the weekend, when liquidity is very poor, something strange might occur. I was quite worried that after the U.S. cracked down on Iran's key export hub, Kharg Island, the oil market was expected to face another volatile week, and concerns about disruptions to oil supplies in the Middle East intensified.

But just now, I saw the IEA announcement that member countries will collectively provide 400 million barrels of emergency oil reserves to the market, and the implementation plans from each country have already been submitted. Asia-Pacific member countries will immediately start releasing, while European and American member countries will begin releasing at the end of March.

This indicates that the global oil market is too tight due to the Middle East conflict and disruptions in the Strait of Hormuz, so the IEA organization is opening its reserves to supply the market a bit and lower oil prices, which can also alleviate some panic. The IEA also stated that this is the sixth time in its history and the largest coordinated emergency release. This is expected to lower predictions for oil prices next Monday.

Looking back at Bitcoin data, today's trading volume has increased somewhat, likely still due to the reasons of war. Earlier there were concerns about a drop in oil prices due to rising oil prices, and later it rose again because of the IEA's release. Overall, the current situation is quite simple; as long as oil prices can ease a bit, the market will be better. If oil prices continue to be tight, the market will face greater trouble.

Next Thursday at 2 a.m. is the Federal Reserve's interest rate meeting. There really isn't much to look at now; there will definitely be no changes in March, and it is not Powell's last meeting, so the impact won't be too big, at most just short-term sentiment. There is no need to pay too much attention at the moment.

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