Oil and Yields Are Running the Show Again Well, that relief rally didn't last long. 🙃 Trump rejected Iran's proposal tied to reopening the Strait of Hormuz, Brent jumped about 4% to around $108, and the 10-year yield pushed near 5.23%. Stocks opened red, with the Nasdaq down roughly 1%. Last week oil slipped under $103 and everyone relaxed. One headline later, we're right back where we started. That's how fragile this market is right now, and I don't think enough people are pricing that in. Here's the chain that matters. Pricier oil keeps inflation sticky, sticky inflation keeps the Fed hawkish, and markets now see nearly a 70% chance of another hike in October. Tech gets hit first because its valuation lives on future earnings, and higher yields make that future worth less today. 📉 And yes, this hits crypto too. Every time the Nasdaq sneezes like this, $BTC has a habit of catching a cold, at least for a few days. I'm not panicking, but I'd watch oil and the 10-year this week more closely than any crypto chart. 🛢️ #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Bitcoin