●●●According to a report from Mars Finance, the market’s focus is no longer only on the potential escalation of tensions between Iran and the United States, but also on how the ongoing energy shock is beginning to reshape U.S. inflation dynamics and expectations for monetary policy. Geopolitical risks around the Strait of Hormuz remain unresolved. Iran continues its uranium enrichment program while the United States signals the possibility of resuming military operations. These developments are keeping oil prices elevated, adding further pressure to global inflation. Against this backdrop, the U.S. April CPI data is viewed as a key turning point. Markets currently expect headline CPI to rise to 3.7% year-over-year, the highest level in nearly three years, while core CPI may rebound to around 2.7%. The main concern is not only energy prices but also the possibility that inflation could spread to housing and services, especially as rental prices begin to rise again. If energy and housing both exert upward pressure, expectations for rate cuts by the Federal Reserve later this year may be further delayed. Markets may even start to price in a scenario where higher interest rates persist for longer. At the same time, the Fed is entering a sensitive leadership transition period as Kevin Warsh could soon take office as Fed Chair. This transition comes amid rising energy inflation, increasing political pressure for rate cuts, and growing internal divisions within the Federal Reserve. In the crypto market, Bitcoin ($BTC )$ETH $SOL has recently maintained high volatility, but market dynamics are gradually shifting from liquidity-driven momentum to macro risk repricing. If CPI comes in above expectations, a stronger U.S. dollar and rising Treasury yields could weaken risk appetite and slow Bitcoin’s upward momentum. Conversely, if core inflation remains under control, expectations for improving liquidity later this year may remain intact. #USAprilCPITonight #TradeStocksOnOKX #WarshTakesFedChair