Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
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Itโ€™s been almost four months!
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Escalating U.S. & Iran tensions are triggering a classic safe haven rotation into gold againโ€ฆ
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$60K is a key support for Bitcoin. Breakdown below this level could push BTC toward the $52Kโ€“$54K electrical cost zone.
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$73K is the major reversal level for Bitcoin. Until BTC reclaims and holds above it, downside pressure will likely continue.
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Right now, one thing is happening, weโ€™re seeing weakness in Bitcoin dominance, as BTC.D is breaking down from a bear flag pattern..
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Bitcoin Dominance
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Others/Btc
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From here, if the situation worsens, it could lead to serious allegationsโ€ฆ
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The Strait of Hormuz is currently closed, nearly zero ships are crossing.
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The longer this route remains shut. The more fragile and dangerous the situation becomes regarding warโ€ฆ
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Usdt.D
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TOTAL MARKETCAP
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ETHEREUM
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Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
$73K is the major reversal level for Bitcoin. Until BTC reclaims and holds above it, downside pressure will likely continue.
Btc has faced a heavy rejection from a major resistance level, which is not a good sign. So be careful, bcz rejection from here could push BTC down to the $52Kโ€“$54K max pain zone before any V-shape recovery. Letโ€™s see whether the bulls try again to reclaim the $73K support or not..
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CRUDE OIL
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DXY ๐Ÿ“Š
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