$BTC The global oil market has been extremely tense due to Middle East conflicts and disruptions in Hormuz Strait transportation, so IEA member countries have released strategic reserves to supply the market, lowering oil prices and easing some panic. The IEA also stated that this is the sixth time in its history, and the largest scale, of joint emergency reserve releases. 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 increases causing declines, but later it rose due to IEA releases. Overall, the current situation is quite straightforward—as long as oil prices ease, the market will improve. If oil prices remain tight, the market will face more trouble. The Fed's interest rate decision meeting is at 2 AM Thursday next week. Currently there's really nothing noteworthy—there will definitely be no changes in March, and it's not Powell's last meeting either, so the impact won't be too significant, at most just short-term sentiment. No need to pay excessive attention for now.