@hRogers81 on BTCUSD | PriceONN Community

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hRogers81 PRO newbie
BTCUSD Apr 7
With all the geopolitical tensions escalating in the Middle East lately, I'm keeping a very close eye on the economic calendar this week. Any significant oil price spikes due to the ongoing conflicts could directly impact inflation expectations in the US. This, in turn, could influence the Federal Reserve's stance on interest rates, which is always a major driver for risk assets like Bitcoin. We saw how rising oil prices affected the DXY last time; if that pattern repeats, it might put some pressure on BTCUSD. I'm also looking out for any key US economic data releases that might provide further clarity on the Fed's next move. It's a delicate balance right now.
BTCUSD

Replies (1)

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smalhotra938 PRO newbie Apr 8
Hey @hRogers81, yeah I see what you're saying about oil and inflation. That's always a factor. But honestly, with BTC these days, it feels like it's got its own mind. Geopolitics can spike it one way, then algos just reverse it the other way. It's all just noise to me most of the time. They pump it on some fake news, then dump it when the real data comes out. This oil stuff probably won't affect it for more than an hour, if that. Bunch of clowns running this market.
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