ETH, BTC Intraday

Recent geopolitical conflicts have been quite frequent, but I have to say Trump has become overconfident about the benefits in Venezuela. He keeps provoking Iran for no reason. They were negotiating well, thinking they could do anything, then they took a targeted killing action against Iran. The operation was successful, but it also dragged the US into madness. Today, Trump gave a speech and still found the war quite boring. He keeps saying Iran is begging for reconciliation, but today they blew up a ship, then claimed they crippled Iran, and now they’re launching missiles at the Middle East. They also said they wouldn’t target industrial facilities for now, but Israel bombed a power plant and energy facilities, escalating the conflict again. That’s not all—he’s also bragging about convincing the Houthis in Yemen to get involved. The Strait of Hormuz being blocked already affected oil prices; if the Bab el-Mandeb Strait is also blocked, even if Wosh takes office tomorrow, he won’t be able to cut interest rates. Oil prices are skyrocketing. If diesel prices keep rising, forget about cutting rates—think about raising them. Looking at BTC data, the $70,000 level has been broken again. Short-term investors are clearly increasing their turnover. Currently, BTC is very obvious—although only a small portion of short-term investors influence the price, the liquidity issues cause some investors to exit, which amplifies price volatility. Not to mention, US stocks are already down 2%.