🔥🚀Breaking news! Strait of Hormuz traffic has fallen to zero, but Bitcoin is still trading sideways at 64,000🤔? Can it hold steady tonight?

Brothers, tonight’s market is even more exciting than a suspense drama👀

Just got word: Iran’s Tasnim News Agency reported that since the Iranian military announced the closure of the Strait of Hormuz on the 20th, ship traffic has dropped to zero.

Meanwhile, U.S. Vice President Vance has arrived in Bürgenstock, Switzerland, and U.S.-Iran technical negotiations officially kicked off this afternoon.

Strait blockade + negotiations running at the same time—who would dare to write this script?

On the other side, Pakistan’s defense minister went straight for the jugular: if water security is threatened, it’s like declaring war on India. India previously also said it would make sure Pakistan “can’t get a single drop of water.” Two nuclear-armed countries are at loggerheads🌊

Back to the chart:

Bitcoin$BTC is currently around 64,200, with a 24-hour low of 63,150 and a high of 64,560. Weekend liquidity is painfully low—pools of existing capital are in a standoff. The Bollinger Bands are tightening rapidly, and volatility is at a yearly low. Both bulls and bears are waiting for direction; nobody knows who will make the first move.

$ETH around 1,725, the short-term bounce has slightly more elasticity than Bitcoin, but overall it’s still weak consolidation above 1,700.

$SOL around 73.5, it rebounded about 10% from the early-June low. There’s selling pressure near the upper Bollinger Band around 74.3. The funding rate is extremely low, and the cost for longs is manageable, but you need to keep an eye on the 6 million SOL flowing into exchanges.

Let’s be real:

If this round of U.S.-Iran talks can truly make progress, energy prices will ease and inflation pressure will be reduced—good news for risk assets.

But the Strait of Hormuz variable is too big. About 30% of the world’s seaborne oil passes through there. If it’s truly blocked, oil prices will surge, inflation expectations will climb again, and Bitcoin—being a risk asset—could end up under pressure.

For weekend trading, watch more and move less. As for geopolitics, nobody can predict what happens in the very next second.

Do you think this round of negotiations can be carried through? Will the Strait situation affect next week’s overall market? Discuss it in the comments🧐

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