In the Asian session, the market is still digesting what’s going on in the Middle East.
The Strait of Hormuz remains blocked, and Trump is shouting about a “steel wall” and claiming he has the situation completely under control. But this battle is truly brutal—oil tankers were attacked, and the US military lost 25% of its drones. WTI has fallen to $81, which at least gives the crypto market a little breathing room.
At this point, $BTC should be closely watched—once geopolitical tensions heat up, gold and digital assets get pulled out for hedging. The S&P 500 has just broken above 7800 to a new high; risk sentiment is still there, but everyone is waiting to see what the Fed will do in September.
To be honest, at times like this the Asian session is mainly about watching and waiting for direction from the US and European session. Jumping in now would most likely make you cannon fodder—better to sit tight and watch.
#BTC #Crypto #Macro #Trading #SafeHaven
NFA DYOR
The Strait of Hormuz remains blocked, and Trump is shouting about a “steel wall” and claiming he has the situation completely under control. But this battle is truly brutal—oil tankers were attacked, and the US military lost 25% of its drones. WTI has fallen to $81, which at least gives the crypto market a little breathing room.
At this point, $BTC should be closely watched—once geopolitical tensions heat up, gold and digital assets get pulled out for hedging. The S&P 500 has just broken above 7800 to a new high; risk sentiment is still there, but everyone is waiting to see what the Fed will do in September.
To be honest, at times like this the Asian session is mainly about watching and waiting for direction from the US and European session. Jumping in now would most likely make you cannon fodder—better to sit tight and watch.
#BTC #Crypto #Macro #Trading #SafeHaven
NFA DYOR