BITCOIN BREAKS BELOW $77,000 AS US-IRAN CONFLICT ESCALATES — OIL SURGES 4.6%, LONG-END YIELDS SPIKE
$BTC fell to $76,400 early Wednesday before recovering to around $77,300 as the US-Iran conflict escalated sharply, sending shockwaves through global risk assets .
The Macro Picture:
· Brent crude surged 4.6% overnight to $94.65/bbl; WTI gained 5.2% to $90.22/bbl
· 10-year Treasury yield climbed to ~4.79% — highest since January 2025
· S&P 500 dropped 0.71% to 7,631.47; Nasdaq declined 1.03% to 26,099.77
Key Levels:
· Support: $76,000–$77,000 — first key defense zone
· Next support: $75,000 below
· Recovery above $78,000–$79,000 would signal easing selling pressure
· $80,000 remains the key confirmation level for renewed bullish momentum
ETF Reality Check: Despite macro pressure, US spot BTC ETFs added ~$217 million on August 31 after briefly turning negative. August saw $3.5 billion in net inflows — the highest since July 2025 . This is real institutional demand absorbing selling pressure. BTC is now approaching the estimated $80,000–$83,000 average cost basis of ETF investors.
👇 Will Bitcoin hold $76K or break lower? Type HOLD or BREAK.
#DellSurges8%OnEarningsBeat
$BTC fell to $76,400 early Wednesday before recovering to around $77,300 as the US-Iran conflict escalated sharply, sending shockwaves through global risk assets .
The Macro Picture:
· Brent crude surged 4.6% overnight to $94.65/bbl; WTI gained 5.2% to $90.22/bbl
· 10-year Treasury yield climbed to ~4.79% — highest since January 2025
· S&P 500 dropped 0.71% to 7,631.47; Nasdaq declined 1.03% to 26,099.77
Key Levels:
· Support: $76,000–$77,000 — first key defense zone
· Next support: $75,000 below
· Recovery above $78,000–$79,000 would signal easing selling pressure
· $80,000 remains the key confirmation level for renewed bullish momentum
ETF Reality Check: Despite macro pressure, US spot BTC ETFs added ~$217 million on August 31 after briefly turning negative. August saw $3.5 billion in net inflows — the highest since July 2025 . This is real institutional demand absorbing selling pressure. BTC is now approaching the estimated $80,000–$83,000 average cost basis of ETF investors.
👇 Will Bitcoin hold $76K or break lower? Type HOLD or BREAK.
#DellSurges8%OnEarningsBeat