🚨Oil’s reaction to the US-Iran war is getting smaller.
Brent crude $CL has risen only around $2 since the MoU expired.
This comes even after Iran reportedly shifted its war strategy from defensive to “fully offensive.”
Compare that with earlier events:
📍Feb 28, war begins: +$19.88 on market open
📍Mar 9, Hormuz shuts: +$26.80 intraday
📍Apr 8, ceasefire: -$14.50 in one day
📍May 4, blockade threat: +$19.69
📍Jul 2, MoU signed: -$42.65 from the high
📍Jul 13, blockade reinstated: +$7.30 in ...
$BTC
We flipped our longs into shorts right here. Can we make it three W’s in a row?
After that solid push higher finally gave the longs room to breathe and hit the main target, the longs are now closed except for a few runners. From here, the focus is entirely on the shorts.
The multi-day bias remains bearish in my view. Ever since $BTC tapped $66K and reversed, the higher-timeframe structure has continued to favor downside.
Add the weekly open, a green Monday, and the current boring cons...
RSI extremes can signal oversold conditions, but five data points isn't a robust sample — especially if they're cherry-picked from different cycle contexts. $BTC historically bounces from deep oversold readings, but the magnitude and timing vary wildly depending on macro, liquidity, and where you are in the halving cycle.
A 100% rally to $140k assumes we're still in a bull phase with room to run. If this is late cycle or we've already topped, RSI alone won't save you. The real question: is this...
$BTC still trapped, but a big move is coming ⚠️
Price remains stuck between 62,500 and 65,600 on Daily. Direction unclear for now.
What's clear: under 67,000 - 71,000 then 78,000 - 82,000, bias stays bearish. 📉
Monthly correction phase could end soon or extend further. My take remains unchanged, chart attached showing a falling wedge structure matching with 48,000 - 45,000 as true bottom / final dip (review my long term analysis).
What's your view? 👀
#BTC #bitcoin