$BTC just got slapped back to $76K because Iran changed its mind overnight...

woke up Saturday checked my portfolio and $BTC was sitting at $75,550 after getting rejected again. reason? Iran reversed the Strait of Hormuz reopening. just like that. war premium back on, risk off, crypto takes the hit.

what made it messier... the move triggered one of the biggest short liquidation events of 2026. $593 million in bearish bets wiped overnight. so you had BTC dropping AND shorts getting rekt simultaneously. pure chaos.

Here's what nobody wants to say out loud. BTC is not acting like digital gold right now. gold goes up when war escalates. BTC drops with the Nasdaq. correlation between BTC and Nasdaq in 2026 is sitting at 0.75. That's not a safe haven, that's a high beta tech stock.

For the digital gold narrative to actually mean something, BTC needs to decouple from equities during conflict windows. hasn't happened yet this cycle....

what I'm watching now. $74K to $76.5K is the key range. clean break and hold above $76,500 starts building a case for continuation. lose $73,500 on a daily close and we're back revisiting $70K territory fast.

geopolitics is the variable nobody can chart. one ceasefire and BTC pumps. one escalation and it drops. that's the market we're trading in right now... stay nimble.