The Nasdaq has been fluctuating between 24,000 and 25,000 points over the past month without any major volatility. This shows that while the war is progressing, the market hasn’t reached a panic stage yet. After all, everyone knows that although the war has driven up oil prices, which in turn has caused inflation to fluctuate, the war likely won’t last too long. Plus, investors don’t expect the Fed to cut rates before Powell steps down. So, even though the market seems pretty lively, the bigger risk isn’t the current war for now. Of course, if the war escalates, the risks will escalate too. If it ever comes to nuclear war, that would be the ultimate risk. But for now, the biggest risk might still lie in the pessimistic expectations caused by high interest rates. For example, while there aren’t any major issues with credit yet, institutions are already acting like startled birds. The Fed’s interest rate meeting is coming up early Thursday morning. There shouldn’t be any changes this time. Reporters will probably focus on asking about the war’s impact on inflation. However, with the recent tariff changes, I think Powell might lean slightly dovish this time. Looking at Bitcoin’s data, today’s turnover rate has started to decrease. While the price has slightly risen, trading volume hasn’t expanded, indicating that investors don’t have a strong desire to sell. Monday’s turnover was already quite sufficient, and the token distribution structure hasn’t changed compared to before. All the data looks very healthy. In the short term, the only thing that could significantly impact BTC would be unexpected events. If things proceed as usual, Bitcoin will most likely continue to fluctuate. If oil prices drop, risk markets will improve. If oil prices can’t hold, risk markets will face more headaches. Bitget VIP, lower fees, crazier perks!