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

Looking back at Bitcoin data, trading volume has increased somewhat today, likely due to the war situation. Earlier there were concerns about oil price increases causing declines, and later there were increases 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 trouble. The Federal Reserve's rate decision meeting is at 2 AM Thursday next week. Currently there's really nothing notable to see - March will certainly have no changes, and it's not Powell's final meeting either, so the impact won't be too significant, at most just short-term sentiment. No need to pay too much attention for now.