Phyrex|Sep 23, 2026 20:12
Tonight, the market pulled back a bit, mainly due to the PMI data and the rebound in oil prices following statements from Iran's leader. The PMI showed that the U.S. economy is doing very well, which led the market to believe that the Fed might maintain high interest rates for longer, potentially taking a more hawkish stance. As for oil prices, no need to elaborate—after all, oil prices are the main driver of rising inflation. With these two factors combined, both U.S. stocks and bitcoin:native saw a pullback.
Although the market seems a bit uncertain right now, it doesn’t feel like a major issue. The most critical event at the moment is still the Chinese leader’s visit to the U.S. He should have arrived in the U.S. during the day. This time, he didn’t bring a business delegation, which suggests the discussions will likely focus more on political matters. Everyone is watching to see if Xi Jinping can persuade the U.S. and Iran to reach some sort of reconciliation.
Trump, as usual, has been running his mouth. At the UN meeting, when Trump spoke, Iran walked out, and when Iran spoke, Trump walked out. This kind of attitude doesn’t seem like they’re ready to negotiate, which is also one of the reasons oil prices started to rebound. The hope now lies in whether third-party countries can mediate and at least get some progress on easing restrictions in the Strait of Hormuz.
Today, I bought Bitcoin dual-currency at $83,000 as a dip buy. It’s set to expire tomorrow at 4 PM. It looks a bit risky, but this price is already below my average cost, so I figured why not. After buying, I’ll just set a higher price to sell. I don’t think this price is a big issue.
Shoutout to @Gate for offering more trading markets!
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