The weekend was pretty stable. So far, my outlook on Bitcoin seems to be on point. The market isn’t as panicked about Walsh’s “still work to do” comment anymore. From my personal judgment, it’s unlikely the Fed will raise rates in September because August inflation won’t be ridiculously high. The September FOMC meeting will take place after the updates on August CPI, PPI, and non-farm payroll data, and current indicators don’t show much difference from July. More importantly, even though the U.S. and Iran haven’t reached a reconciliation yet, the reopening of the Strait of Hormuz is pretty much irreversible. At most, Iran might charge fees and only open it to non-U.S. and non-allied countries. While it won’t return to pre-war levels, recovering to about 60% is still feasible. This means that even if oil prices don’t drop below $60, staying around $70 shouldn’t be a big issue. At the very least, this will help ease global inflation concerns. If Venezuela continues to develop and increase oil production, it will also contribute to lowering global oil prices. Without the impact of oil prices, inflation in the U.S. and globally should start to decrease. Of course, it also depends on whether Trump decides to mess things up again with tariffs, but at least one major issue seems to be getting resolved. As for bitcoin:native, two channels are expiring on Monday. The $75,000 low buy probably won’t go through, so I’ll keep a 5% buffer for now and see how it goes. Honestly, not knowing the reason for this round of price increases is a bit frustrating, so I’m hesitant to act too aggressively. Let’s wait and see. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets all in one place.