Big Bitcoin ($BTC) is charging ahead today despite rising oil prices, and it feels like there are a few reasons behind this: 1. Japan's 25BP rate hike landed as expected, with the bearish news fully priced in. The funds that had hedged against a potential 50BP hike can now return. Plus, the yen continues to depreciate even under the rate hike, further confirming the dovish stance of the Bank of Japan this time. With both the U.S. and Japan completing their rate hikes this week, the market has fully digested the short-term bearish impact. 2. The SEC exemption is boosting on-chain activity and benefiting the industry overall. This incremental positive indirectly supports Bitcoin, so the market leader is taking off. 3. After the previous wick to 75k and subsequent recovery, the chip distribution and structure are favorable for upward movement. The real resistance lies at 83-84k. The current market uncertainty revolves around whether Trump will resume strikes on Iran and what plans might be discussed when he meets Gulf state leaders in New York next week. However, given the damage high oil prices could do to the midterm elections, Trump likely won't escalate military actions before then. If oil prices dip further next week, it would be a positive for risk markets. @BITstocks_CN Buy U.S. stocks on BIT—10,000+ U.S. stocks and ETFs, real holdings, and enjoy dividend payouts.