Brent crude oil prices surged to $119, a 25% jump, while US stocks and bonds fell, and Japanese, South Korean, and European stock markets also showed signs of collapse! This is a typical repricing under the conditions of "inflation panic + geopolitical risk." Historically, such a double whammy of stock and bond declines has led to a sharp drop in Bitcoin (see Figure 3 below). In 2018, 2020, and 2022, Bitcoin fell by at least 50% during these three double whammy events! The price range of Brent crude oil is a "thermometer" of the global economy and financial markets (see Figure 4 below). The current surge to $119 indicates a supply crisis and out-of-control inflation. It can be said that the current rebound is a short squeeze and bull trap before the US stock market opens, as well as the upper shadow line of the weekly chart. With Wednesday's CPI, Friday's PCE, and next week's Fed interest rate decision, $74,000 may be the top of this rebound. In March, we could see Bitcoin at $50,000 and ETH at $1,400!