Today's situation is quite interesting. Although earlier Bitcoin: native dropped significantly, temporarily falling below 60,000 USD, it is clearly visible that the rebound after breaking below 60,000 USD has been quite strong. By the time the U.S. stock market closed, Bitcoin had already rebounded back to 61,000 USD, and the rare decline was less than that of the Nasdaq and S&P, indicating that this position is still quite attractive to some investors.

Unfortunately, I am still outside and won't be able to continue bottom-fishing until I get home on Monday. However, I have already started buying dual currency in the past two days, even though the amount is not significant. After I get home, I plan to place the dual currency around 59,000 USD to see if I can buy it. If I can buy it, I will continue to buy at even lower positions. As I have always said, I am not particularly worried about Bitcoin's price. If it can hold above 60,000 USD again, it indicates that this judgment is correct.

Aside from Bitcoin, I am more concerned about the issues between the United States and Iran. After all, the main reason why both the U.S. stock market and Bitcoin are down today is that non-farm data shows a decreasing probability of interest rate cuts in the U.S. and an increasing probability of rate hikes. This does not indicate that the U.S. economy is bad, but rather reflects rising inflation expectations due to increasing oil prices, primarily caused by the blockade of the Strait of Hormuz. If this can be resolved quickly, inflation expectations will definitely decrease.

This is also why I persist in shorting WTI. This is an issue that Trump must resolve as soon as possible; Iran cannot wait, and Trump cannot wait either. Time is running out for Trump. Not to mention the midterm elections, even the debut of Waller at the June Federal Reserve meeting will be troubling for Trump. Moreover, I have been observing that the price gap between Brent and WTI is gradually narrowing, indicating that the world does not consider the Hormuz issue to be very difficult to resolve.

I hope to see the issue of the Strait of Hormuz resolved next week. After all, even if the blockade is resolved, it will take some time to fully return oil prices and lower U.S. inflation. However, as long as the Hormuz issue is resolved, the market will inevitably make new expectations.

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