Mayooo

Oil prices are dropping sharply.
Bullish for BTC and other risk assets.

$BTC CME has reopened, creating a significant open gap.
Historically, these gaps tend to fill quickly, could it happen this week?

The macro environment is currently very bearish and putting pressure on the market, but if you’re not short yet, this isn’t the best time to open one.
We’re currently creating a huge CME gap, these gaps usually get filled within a few days.
One bullish post from Trump and we could see a bounce.

🚨 OIL is going parabolic, now trading around $99.
The longer the Strait of Hormuz stays closed, the higher prices go.
Bloomberg estimates:
• ~2 months closed → ~$140 oil
• ~3 months closed → ~$160 oil
Every +$10 in oil = ~-0.2% growth & +0.4% inflation.
The higher oil goes, the more pressure on the global economy.
Historically, extended periods above $100 have often coincided with recessions.
For a bullish backdrop in crypto & stocks, reopening the Strait of Hormuz is key.
The next few weeks will be crucial.

$BTC is holding above the $68,000 support level.
It’s also forming a 4H bullish divergence.
Under normal conditions, we should see a bounce from this level, but since the market is extremely news-driven right now, we should remain cautious.

Bitcoin crashes under $69,000 after President Trump threatens to "obliterate" Iran's power plants if Strait of Hormuz is not opened within 48 hours.

$630 Billion has been erased from the US stock market today.
Meanwhile, crypto is moving sideways, and that is bullish.

US markets are open, and $BTC is seeing a slight move to the downside.
But remember: the first move is usually the wrong move!

Bitcoin is showing an uptrend on lower timeframes, indicating bullish momentum.
Remember: the trend is your friend, trade with it, not against it.

I’ve been less active than usual over the past week due to vacation, but I’m now fully back.
$BTC retested the $68,000–$69,000 support and is currently showing a bounce from that level.
If price manages to break above $71,000, we could see a move back toward the recent highs $74,000–$76,000.
In my view, Bitcoin continues to show strength, especially amid the ongoing energy crisis.
Compared to traditional assets like gold, it has held up relatively well and demonstrated notable resilience.

Mr. President, I’m getting tired of all this winning.

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Big day ahead.
At 8:30 AM ET, we get PPI data. At 2:00 PM ET, the Fed announces its rate decision, followed by Chair Powell speaking at 2:30 PM ET.
I expect the most volatility during the press conference, as a no rate cut is largely priced in.
The key driver will be whether Powell’s tone is dovish or hawkish.