Narrative is positive, but don't get carried away by emotions; the technical aspect is somewhat overheated, and geopolitical factors can reverse at any time. Set proper stop-loss levels for your positions; be very cautious about chasing highs at this level.

The impact of Hormuz on BTC is currently a structural bullish narrative (oil pricing BTC) combined with short-term sentiment-driven price increases, but the technicals are already overheated, and geopolitical situations could reverse at any time—remember to set proper stop-losses if you're holding positions, and be cautious about chasing highs at this point.