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

Looking back at Bitcoin data, today's trading volume increased somewhat, likely due to the war situation. Earlier there were concerns about oil price increases causing a decline, but later it rose due to the IEA's release. Overall, the current situation is fairly straightforward—as long as oil prices ease a bit, the market will improve. If oil prices remain tight, the market will face bigger troubles. The Federal Reserve's interest rate decision meeting is at 2 AM next Thursday. Currently there's nothing particularly interesting to note—there will definitely be no changes in March, and this isn't Powell's final meeting either, so the impact won't be too significant, at most just short-term sentiment. No need to pay excessive attention for now.