$BTC
Last night, due to Iran's threat to block the Strait of Hormuz and concerns about a third world war, it temporarily panicked and dropped to 98180. However, I think the likelihood of blocking the Strait of Hormuz is relatively low because it wouldn't significantly impact the U.S., but it would have a greater impact on Iran itself, a country that relies on oil exports as its main source of income. Moreover, it would provoke resentment from surrounding countries towards Iran, so they probably wouldn't make such a decision unless it was a last resort.
98180 is very likely to be the short-term bottom; let's wait for the U.S. stock market to open tonight to see how it goes.
Last night, due to Iran's threat to block the Strait of Hormuz and concerns about a third world war, it temporarily panicked and dropped to 98180. However, I think the likelihood of blocking the Strait of Hormuz is relatively low because it wouldn't significantly impact the U.S., but it would have a greater impact on Iran itself, a country that relies on oil exports as its main source of income. Moreover, it would provoke resentment from surrounding countries towards Iran, so they probably wouldn't make such a decision unless it was a last resort.
98180 is very likely to be the short-term bottom; let's wait for the U.S. stock market to open tonight to see how it goes.
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BTC
104,669.24
+2.69%