The big macro news flooded the headlines early this morning: the US and Iran have surprisingly agreed to a two-week ceasefire! Let’s quickly review this epic turnaround:

Initially, the situation was tense, with the US ready to deliver a final ultimatum and prepare to strike infrastructure. However, through intense mediation in Pakistan, both sides reached an agreement at the last minute.

As a condition, Iran agreed to reopen the Strait of Hormuz during these two weeks, allowing oil tankers to pass safely. Once this news broke, the crude oil market exploded—oil prices plummeted over 15% in a single sharp decline. This definitely provides a crucial short-term breathing space for our crypto market and the entire risk asset sector.

Recently, everyone was overwhelmed by the panic surrounding the Middle East’s tinderbox, with large funds fleeing to safe assets, and the market was sluggish and dead.

Now that this looming threat is temporarily lifted, risk sentiment should cool down, and funds are likely to become more active again.

But traders shouldn’t get too excited just yet—this is only a “two-week ceasefire.” If negotiations fall apart again, a bloody storm could erupt in half a month.

Nevertheless, this two-week window probably offers a good opportunity for short-term market sentiment recovery and a rebound.

This macro drama is even more exciting than candlestick charts. Now that oil prices have dropped and war risks have eased, do you think Bitcoin can seize this chance to push higher? #加密市场行情震荡