Oil prices are heading toward $100, and even $BTC can’t hold on anymore.
Tonight in the US session, the market’s mood is very straightforward: the US and Iran are still trading blows; the Houthis directly bombed Saudi Aramco’s refineries. Brent crude jumped to $98, and the Dow opened down more than 500 points. Cointelegraph highlights a key level: $BTC is testing support at 78,300, which is the strongest moment for crude oil in the past three months.
My take: in the short term, $BTC will still move with risk assets—don’t buy into the story of “buying crypto as a safe haven during turmoil.” Historically, in the early stages of conflicts, Bitcoin often drops first. But on the other side, China’s central bank increased its gold holdings in August, setting a new high for this cycle. LME copper also hit a historical high, and inflation trades are quietly returning. Once oil prices start to stoke inflation expectations, rate-cut expectations may be forced to come earlier—then liquidity will be the real fuel for crypto prices.
For the short term, just watch 78,300. If it can’t hold, people who want to bottom-pick could line up from Guangzhou all the way to Shenzhen. Don’t rush—opportunities are created when prices fall.
NFA DYOR
#比特币 #BTC #中东局势 #油价 #加密货币
Tonight in the US session, the market’s mood is very straightforward: the US and Iran are still trading blows; the Houthis directly bombed Saudi Aramco’s refineries. Brent crude jumped to $98, and the Dow opened down more than 500 points. Cointelegraph highlights a key level: $BTC is testing support at 78,300, which is the strongest moment for crude oil in the past three months.
My take: in the short term, $BTC will still move with risk assets—don’t buy into the story of “buying crypto as a safe haven during turmoil.” Historically, in the early stages of conflicts, Bitcoin often drops first. But on the other side, China’s central bank increased its gold holdings in August, setting a new high for this cycle. LME copper also hit a historical high, and inflation trades are quietly returning. Once oil prices start to stoke inflation expectations, rate-cut expectations may be forced to come earlier—then liquidity will be the real fuel for crypto prices.
For the short term, just watch 78,300. If it can’t hold, people who want to bottom-pick could line up from Guangzhou all the way to Shenzhen. Don’t rush—opportunities are created when prices fall.
NFA DYOR
#比特币 #BTC #中东局势 #油价 #加密货币