Oil prices take a step down, and hot money flows back into crypto first
Trump's latest remarks made it clear that oil prices will fall soon. He also brought up the Abraham Accords again to bring Saudi Arabia to the table, and said he hopes the Russia-Ukraine conflict will come to an end. The geopolitical premium in Brent and WTI is gradually being drained away.
As oil prices fall, CPI expectations ease, rate-cut bets build back up, and the dollar weakens. and — markets with deep liquidity — will move first, and will bounce even harder. The flip side of a Russia-Ukraine ceasefire is that safe-haven positions will unwind, so a rally followed by a pullback is hard to avoid. In the 105k–110k range, whichever way BTC breaks first will set the direction. If it can't break above the upper end, don't chase.
Are you waiting for a pullback to 105k to buy, or going long now and betting on a break above the previous high?
$BTC $ETH $SOL
Trump's latest remarks made it clear that oil prices will fall soon. He also brought up the Abraham Accords again to bring Saudi Arabia to the table, and said he hopes the Russia-Ukraine conflict will come to an end. The geopolitical premium in Brent and WTI is gradually being drained away.
As oil prices fall, CPI expectations ease, rate-cut bets build back up, and the dollar weakens. and — markets with deep liquidity — will move first, and will bounce even harder. The flip side of a Russia-Ukraine ceasefire is that safe-haven positions will unwind, so a rally followed by a pullback is hard to avoid. In the 105k–110k range, whichever way BTC breaks first will set the direction. If it can't break above the upper end, don't chase.
Are you waiting for a pullback to 105k to buy, or going long now and betting on a break above the previous high?
$BTC $ETH $SOL