Bitcoin fell below $77,000 and in just 1 hour, long positions worth $115 million were wiped out. 🚨 The reason again is that the U.S. and Iran have started trading renewed strikes at each other. Brent crude surpassed $95 during the day, and fears of inflation increased. Market snapshot: 🛢️ Oil rose 📈 Inflation risk increased 📈 Bond yields rose 💵 The dollar rose AND ₿ pressure on Bitcoin increased! In addition, yesterday there were about $236 million outflows from Bitcoin ETFs. But today an important counter-signal also came: 🇺🇸 ADP private sector employment came in at only +38K. The expectation was +47K. In other words, the economy side is telling the Fed, “Don’t be so fast to raise rates.” 📍 Daily $BTC direction expectation: NEUTRAL-NEGATIVE 🚨 If 75.5K is lost, the broad range breakdown would have occurred, and the probability of a deeper correction would increase significantly. For now, this isn’t my main scenario. This week, we’re monitoring not only the Fed, but also Iran and oil just as closely as the Bitcoin chart. Do you think we’ll see below $75K again? 👇 Not investment advice.