At present, it seems that the first interest rate cut in 2026 may be postponed until July, and even July may not be certain. CME data shows that the expectation of keeping interest rates unchanged in March and April is over 90%, and the probability of adjusting interest rates in June and July is estimated to be 40% each. There is also a possibility of game theory. But the level of pessimism is slightly higher. Geopolitical conflicts in the Middle East, rising oil prices, and rising inflation expectations. This week's labor force and other data may not have a significant impact. After all, financial market sentiment is focused on geopolitical influences. In theory, the risk market should be under pressure. Especially Bitocin. But last night, the US stock market opened lower and rose higher, which may be driven by emotions, coupled with the nature of the pancake itself, it may be temporarily favored by funds. For macro and US stock analysis, @ MSX_CN conducts weekly pre market observations of the US stock market. You can learn more and take a look This week's schedule is as follows: https://(msx. com)/news details/361 At present, BTC has rebounded to the level of 7. But moving up is really a hurdle step by step. 73 and 78, that's all. Moreover, the chips around 63-65 have now made a profit of approximately 10 points. There is no new stimulation. Maybe it's high or not very high. Whether there will be pressure and a new low at that time still needs to be observed. No matter from which perspective, we hope for world peace. We are also primarily concerned about how geopolitical conflicts affect financial markets. I don't know if I can return to the negotiating table within this month, and if the Strait of Hormuz can return to normal as soon as possible. If further extended, it is not optimistic about inflation, and it is not a good thing for the financial market, especially for BTC, which is sensitive to macro liquidity. Yes, although BTC is currently on the rise, in my understanding, this increase is still fluctuating within a certain range. If you want to rebound, a big rebound is needed. The possibility is not high in the near future. As mentioned earlier, the impact of tariffs is gradually decreasing, which is a good thing for inflation and beneficial for the Federal Reserve. There is no reason for hawks to be hawkish in the future. But now the geopolitical impact has led to an increase in energy. Inflation or inflation. I will start paying attention to CPI data in Q2 later.