BREAKING: Saudi Arabia has reportedly shut down its critical East-West oil pipeline following multiple attacks that damaged the route.
The 1,200-km pipeline can transport up to 7 million barrels of crude per day from Saudi Arabia’s eastern oil fields to the Red Sea, providing an alternative to the Strait of Hormuz.
The system was built during the Iran-Iraq War to keep Saudi oil exports moving if Hormuz became inaccessible.
With Hormuz already disrupted and millions of barrels reportedly rerouted through this pipeline, its shutdown removes a crucial backup route for Saudi oil exports.
This could put additional pressure on global oil supplies and energy markets. $BTC
$BTC is currently around $77,200 and is moving sideways after a big drop from its previous highs.
* Resistance: around $82,400 — BTC needs to break above this level to show stronger bullish momentum. * Support: around $49,500 — this is the major lower support shown on the chart. * Right now, BTC is between these two levels, so the market is still uncertain. * If BTC breaks and holds above $82,400, the next move could be toward $90K–$100K. * If it gets rejected again, sellers could push the price lower.
Simple view: $82.4K is the key level to watch. A clean break above it would make the chart look much stronger.
LAB has exploded +76% from the $0.04556 low and is now trading around $0.08107, pushing directly into major resistance at $0.08639. 🥶
Current 4H structure has shifted strongly bullish after reclaiming $0.070. Price is printing higher highs and higher lows, but the move is now extended and facing heavy supply.
$LAB just delivered a brutal capitulation — and then a violent reversal.
Price flushed down to $0.0451, falling more than 40% in 30 days, before buyers suddenly stepped in and pushed it back toward $0.0686, nearly +46% on the day.
That kind of V-reversal usually comes with serious liquidation activity. Shorts caught on the wrong side can get squeezed hard.
I’m not chasing this green candle.
The key zone now is $0.0680–$0.0700. If LAB fails to hold this area and starts rejecting, I’ll be watching $0.0600 for a possible short setup.
For now, patience. Let the volatility settle and wait for confirmation.
No FOMO. Let the chart come to you.
Follow Crypto Fearless for real market analysis and trade setups.
A little while ago, $BTC was hovering around $79,100 and the market suddenly started looking bullish again. I called it a trap and took the short.
Now we're around $77,500. I've closed that position in profit — no need to squeeze every last dollar out of one trade.
But I'm still not turning bullish.
The way $BTC is behaving here still tells me another sell-off could be building. I'm watching for a fresh short setup, with $76,500 as the first target and possibly $75,500 if selling pressure keeps up.
For now, I'm staying patient. The first move paid off — I'm not going to force the second one. 👀
Bitcoin is showing a powerful V-shaped recovery from the $60K–$65K demand zone, now trading around $77,846 and pushing directly into major macro resistance.