$BTC Global oil markets are extremely tense due to Middle East conflicts and disruptions in Hormuz Strait transportation, so IEA member states are releasing strategic reserves to supplement market supply and lower oil prices, which can also ease some panic. The IEA also stated that this is the sixth time in its history and the largest scale of coordinated emergency reserve release. This is expected to lower oil prices somewhat for next Monday's forecast.

Looking back at Bitcoin data, trading volume increased somewhat today, likely due to the war situation. Earlier there was concern about oil price rises causing a decline, but later it rose due to IEA's release. Overall, the current situation is relatively straightforward—as long as oil prices ease somewhat, the market will improve; if oil prices remain tight, the market will face more troubles. Next Thursday at 2 AM is the Federal Reserve's policy meeting. There's truly nothing noteworthy now; there will definitely be no changes in March, and it's not Powell's last meeting, so the impact won't be too significant—at most just short-term sentiment. No need to pay too much attention for now.