Analysis: Bitcoin's next major move may depend on the direction of oil prices.

CoinFeed reported on April 9th ​​that, according to CoinDesk, analysts believe Bitcoin's next major move may depend on the direction of oil prices. Following the two-week ceasefire agreement between the US and Iran, oil prices fell by about 15% to below $100 per barrel, and Bitcoin subsequently rebounded to around $70,900. Bitfinex analysts stated that if oil prices continue to fall by 15% to 16%, it could bring forward the window for a Federal Reserve rate cut, providing structural support for non-interest-bearing risk assets. A Tesseract Group representative pointed out that Bitcoin is currently around $72,000, and derivatives heatmaps show approximately $6 billion in leveraged short positions concentrated in the $72,200 to $73,500 range. If spot demand drives the price above this area, the resulting cascading liquidations could push Bitcoin towards $80,000.