Bottom fishing bitcoin:native I am planning to start next Monday. One reason is that I will only return home on Sunday, and the other is that I hope the market can recover from the pessimistic trend of MSTR selling Bitcoin. If it really recovers, there might be a rebound. If it cannot recover and falls below $60,000, then it would be the right time to start bottom fishing in batches. The way to bottom fish is still using dual currencies, so let's try starting from $60,000. It remains a model of buying more as it drops.

However, to be honest, I personally still feel that $60,000 is not so easy to break. Of course, my feeling may not be correct, but based on current data, including spot ETF data, the panic sentiment has already begun to ease. The sell-off by traditional investors has started to decrease, and the trading volume has also diminished from its peak, which is why I say investors are gradually coming back.

What I’m most concerned about recently is the war between the United States and Iran because if the Strait of Hormuz cannot be resolved, the Federal Reserve's meeting in June might look quite terrible. The dot plot in June won’t be optimistic either, especially under high interest rates, it cannot be ruled out that Federal Reserve officials will decide to raise interest rates to combat rising inflation. Although I feel that raising interest rates is rather extreme, if oil prices continue to rise and inflation keeps increasing, there’s no better solution.

If this really happens, it might lead to an economic recession. Of course, that could also be the best time to bottom fish, but what I fear is that the US stock market is only being propped up by AI, while other sectors are not performing well, resulting in the index looking like it’s rising, but still facing a bleak situation with scarce liquidity.

Today, a Democratic Congressman criticized Trump, blaming him for the soaring prices triggered by the war between the US and Israel against Iran. He stated that due to the conflict, American households are paying an average of an additional $750. In many places, the price of a box of gasoline has almost risen by 50%. This is also very uncomfortable for Trump, who is preparing for the midterm elections.

Not being able to buy WTI at $97 is not a big problem. Currently, WTI is still fluctuating within a range, but it is clear that the rebound strength of WTI is not strong, especially since the price difference between Brent and WTI is only $2. The market seems more concerned about WTI rather than entirely worried about Hormuz.

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