Over the weekend, Bitcoin's price is still hovering around $60,000. This level seems pretty solid, but it all depends on whether there will be any surprises next week. The tricky part is that Wednesday brings the CPI data, and Thursday follows with the PPI data. PPI is relatively okay, but based on CPI's forecast, it doesn't look friendly. While the month-over-month rate might see some pullback, the year-over-year rate is still climbing due to rising oil prices, and that's what the market cares about most. On top of that, Wednesday also sees the release of the EIA crude oil inventory data. If the numbers aren't good, it indicates that the U.S. will still face expectations of rising oil prices, which could make things even worse. Over the weekend, the U.S. and Iran haven't been quiet either. The U.S. continues to expel ships approaching Iran, while Iran keeps condemning these actions, causing CLUSDT's price to fluctuate around $90. Time is running out for Trump. If he wants to push U.S. stocks higher, he must suppress rising oil prices. To do that, the Strait of Hormuz needs to be opened. But after all this back-and-forth, Hormuz is still under Iran's control. Once the CPI data is released, the Fed's June rate meeting will follow, and things might get even tougher. As for Bitcoin, I'm still not too worried. Even if it drops below $60,000 next week, it can't be helped. Like I mentioned earlier, the main way to push Bitcoin's price back up is to resolve the Hormuz situation and ease inflation expectations. Of course, investors also need to move past the shadow of MSTR selling Bitcoin. The latter is easier to deal with, but the former is the real headache. Bitget is here, and it's VIP all the way! Crypto, U.S. stocks, CFDs—get ahead globally in one go!