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🚨🚨Trump suddenly sends a major signal, indicating willingness to end the Iran war if the Strait of Hormuz remains closed.
🚨🚨The Federal Reserve's March interest rate decision signals a hawkish stance, with the full-year rate cut expectation reduced to one, and the first cut delayed until September. U.S. Treasury yields remain high, putting short-term pressure on Bitcoin rebound.
🚨🚨Overnight, with the Houthi forces joining the fight, the Middle East once again descends into chaos, and risk aversion sentiment rises. However, later in the evening, there was a turnaround as the U.S. stated willingness to end the war if the Strait of Hormuz is blockaded, which undoubtedly gives both sides a way out, and the expectation of peace rises again.
BTC trading suggestion: short at 688-692, stop loss at 70,000, target 67,000, if broken then look at 66,600-65,800.