$BTC I saw an article saying that a poll by Morning Consult shows that 48% of Americans believe Trump is responsible for rising oil prices, with only 16% blaming oil companies, 13% blaming global markets, and 11% blaming former President Biden. Over the past month, as geopolitical tensions between the US and Iran escalated, American gasoline prices rose more than 20%, averaging $3.6 per gallon.

The reason attributed to Trump is mainly that the American public believes Trump personally ordered a military strike against Iran, which directly triggered this Iran conflict and caused disruptions to global oil supply. That's not all—in the latest Kalshi forecast for the midterm elections, the probability of Democrats winning the House has risen to 85%, which itself represents a lack of confidence in the president.

When campaigning, Trump said he would cut energy prices (including gasoline and electricity) in half within 12 months of taking office and lower gas prices to below $2 per gallon. I remember I even reported at the time that this would be bullish for $BTC mining, but now 12 months have passed, and not only has US oil prices not been cut in half, they're higher than the $3.5 that Trump has been constantly complaining about under Biden.

Trump and the Republicans should have a tough time in the midterm elections.

Looking back at Bitcoin data, all metrics are very normal. Investors have gradually adapted to the current market volatility and haven't shown emotional reactions to $BTC trading around $70,000. Turnover and trading volume are declining, and it feels like we're gradually entering garbage time, with investors showing little interest in current prices.

This situation is actually good for Bitcoin right now. After all, this is a time of poor liquidity and low sentiment. If Bitcoin can get through this period and the market sees positive news, such as wars stopping or the Federal Reserve beginning to cut rates, these would be catalysts for price increases. Of course, that's probably more likely to happen in the second half of the year.