Today's market is actually quite clear. The main reason for the rise is that the United States and Iran revealed the trend of reaching an agreement. But to be honest, this part of optimism was revealed from the United States. I did not see the relevant content in the Iranian media, so it may be the unilateral declaration of victory by the United States or Trump, and Iran is totally uncooperative. Although the US stock market has driven the rise of Bitcoin, and although both WTI and Brent have indeed experienced declines, I have not seen any information about Iran's release of the Strait of Hormuz. Instead, Iran is still specifying its own regulations for managing the Strait of Hormuz, which makes it difficult for me to be happy in advance, as this has happened too many times repeatedly. Of course, there is currently no better way. So far, I have started to make a profit on paper by shorting WTI, and the liquidation price has always remained above $120. The funding rate is not high at the moment, so I can stick to it for two days to see. Moreover, I still feel that even if we cannot achieve smooth passage of the Strait of Hormuz now, it will not be too long. The minutes of the April meeting of the Federal Reserve released today also illustrate this problem. This time, many officials of the Federal Reserve have begun to think about raising interest rates if inflation continues to rise, which is the biggest difficulty for Trump. Walsh has said nothing about cutting interest rates. It is impossible to cut interest rates when oil prices are high, unless Trump can completely solve the problem of Hormuz. Moreover, the inflation surge triggered by Hormuz is not only affecting the United States, but also most countries around the world, including China. Therefore, the suppression of Iran will be comprehensive, and the longer it drags on, the more unfavorable it will be for Iran. Looking back at BItcoin's data, what I have been insisting on is that more investors are turning to long-term holdings. Currently, short-term investors are the main ones determining BTC prices, and what affects short-term investors' decisions are the macro, political, and economic factors in the United States. Although today's meeting minutes are not good, as long as we can see the peace talks between the United States and Iran and the smooth flow of Hormuz, these are not a problem. Bitget is here, VIP! Crypto、 US shares CFD， Global Advantage One Stop Layout