BTC went up for a week, then dropped back down in just one day. Checked the reason, mainly because of yesterday's Fed meeting: 1. Interest rates remain unchanged, with one rate cut expected in the second half of the year. 2. Economic forecast report shows stagflation might be coming. Last year, during Powell's meeting, the U.S. inflation rate was 2.7%. This year, since the war started, it's roughly back to 3%. If oil hits $100 per barrel, inflation is expected to reach 3.5% by June. Historically, the big stagflation in the 1970s caused the U.S. economy to shrink by 40%. That year, average prices rose by 7%, and economic growth was 2.8%. Midterm elections are coming up soon. If they can't secure the Strait of Hormuz before the elections, feels like Trump might be done for. BTC support level: 69,000 Probably won't drop much. The main reason for the dip is oil prices going up, and funds shifting to oil.