$BTC broke above $64K, tagged $65K, then slid right back into the $63.5K-$64K range. Failed breakout, not a breakdown yet.
Background risk most people are ignoring: the US just struck Iran for a sixth straight night, and the Strait of Hormuz is effectively blocked. That’s the kind of headline that can move risk assets fast if it escalates.
Meanwhile US jobless claims came in at 208K, lowest since May. Good economic data, bad geopolitical backdrop, tug of war.
Watching $63.5K as the line that matters.
$BTC
Background risk most people are ignoring: the US just struck Iran for a sixth straight night, and the Strait of Hormuz is effectively blocked. That’s the kind of headline that can move risk assets fast if it escalates.
Meanwhile US jobless claims came in at 208K, lowest since May. Good economic data, bad geopolitical backdrop, tug of war.
Watching $63.5K as the line that matters.
$BTC