The macro mood has improved! The Strait of Hormuz might be reopened. Trump’s comments are very tough—saying either it reopens soon, or there will be a strong, forceful response. Oil prices dropped on the spot, and U.S. stocks even hit fresh highs directly—this expectation management has been handled pretty smoothly.
As for crypto, $BTC is still hovering around $64,000 and hasn’t really followed the rhythm as these macro risks have eased. Gold is going wild—up by $100 intraday, pushing toward $4,177. Risk-aversion sentiment is still there. Copper prices also set a record at $14,000, suggesting the market is pricing in expectations of an economic recovery.
I think over the next few days, if macro risks truly continue to ease, $BTC should see a round of catch-up gains. If the geopolitical risks that were weighing on the market finally fade away, sentiment in risk assets should definitely improve. Right now, the sideways trading is mostly waiting for direction—to see whether it can break through the $65,000 resistance.
But don’t get too optimistic—these kinds of macro news come and go, with some being true and some not. Let’s see whether there’s any reversal later on.
#Crypto #Bitcoin #Macro #Hormuz #Trading
NFA DYOR
As for crypto, $BTC is still hovering around $64,000 and hasn’t really followed the rhythm as these macro risks have eased. Gold is going wild—up by $100 intraday, pushing toward $4,177. Risk-aversion sentiment is still there. Copper prices also set a record at $14,000, suggesting the market is pricing in expectations of an economic recovery.
I think over the next few days, if macro risks truly continue to ease, $BTC should see a round of catch-up gains. If the geopolitical risks that were weighing on the market finally fade away, sentiment in risk assets should definitely improve. Right now, the sideways trading is mostly waiting for direction—to see whether it can break through the $65,000 resistance.
But don’t get too optimistic—these kinds of macro news come and go, with some being true and some not. Let’s see whether there’s any reversal later on.
#Crypto #Bitcoin #Macro #Hormuz #Trading
NFA DYOR