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SHIRO'S BITCOIN WEEKLY VIEW.📈
This week on my view of the market is that right now the crypto market sits at the mercy of macro forces,and not just charts.
Rising tensions between the U.S. and Iran,including threats around the Strait of Hormuz,are pushing oil above $100 and injecting volatility across global markets.
But so far Bitcoin has held relatively firm near the $70K–$71K range,price action remains fragile tho as traders like you and I react quickly to war headlines and risk sentiment shifts.
I am watching out for three things tho:
1- Sudden geopolitical updates,(I'll be updating them)
2-Inflation data
3-liquidity flows.
Any escalation could trigger sharp sell offs,while signs of easing tensions may spark relief rallies,but right now,crypto is behaving like a high-risk macro asset, it is reactive,fast, and not wasting time at all. So be careful, patience solder, patience!!!