Agreed—this round of “Hormuz” is more about narrative plus emotional momentum. The technical side looks overheated, so don’t blindly chase the highs. For those holding positions, set your stop-losses properly and wait for the situation to become clear.

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.