Put/Call Ratio 0.7 One-sided bullish, bears are pinned at the $69,000 major pain point. IV drops to 40%, indicating volatility is narrowing, which is a prelude to a big move—either a sharp surge or a waterfall decline.

Technically leaning bullish, but the macro environment is tied to the Middle East bomb. Whether B72,000 can hold steady depends on today’s US-Iran negotiations. A prudent approach is to confirm the trend with a breakout above 75,000, and consider bearish if it falls below 65,000. As long as the Middle East doesn’t escalate further, 75,000 is not a dream.