🔸 $BTC Quick Update — Aug 11, 2026
Bitcoin is trading around $64,000–64,280, down ~1.6% over the last 24 hours.
📉 Why it dropped:
Iran-Hormuz tensions flared up again — Trump's demand for 50 years of compensation killed the reopening narrative, pushing oil to $89
Strategy (MicroStrategy) sold 1,690 BTC — adding light pressure
Traders are now waiting on this week's CPI (inflation) report for the next clear signal
📊 Levels to watch:
Support: $63,750
Resistance: $65,000
💭 Verdict: Range-bound until CPI data drops. Hold above $63,750 keeps the structure intact; a break below could see further downside.
Not financial advice.
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