CryptoQuant analyst: Brent crude oil rises sharply, BTC is in a critical period of $60000

CryptoQuant analyst Darkfost pointed out that after US President Trump announced the end of the ceasefire, Brent crude oil prices rose by about 10% within two days. Darkfost stated that a breakthrough in oil prices above the annual moving average indicates a period of economic pressure characterized by rising inflation, declining production, and slowing growth. Darkcast analysis states that Bitcoin, as a risky asset, has a long-term inverse correlation with Brent crude oil, and rising oil prices often lead to a slowdown in Bitcoin's bull market trend. The current rise in Brent crude oil prices comes during a difficult period for Bitcoin, as BTC remains at the critical level of $60000.