Over the past week, it’s been confirmed that the short-term peak in oil prices = the short-term bottom for BTC. In the short term, WTI is a barometer for risk appetite. The war continues, but as long as WTI and the yield curve don’t see major changes, risk appetite won’t shift significantly. This week’s main focus is on Thursday at 02:00 for the FOMC—though market expectations are already very low. There’s no chance of a rate cut before the new chair takes office.