Trump has lost patience with the Iran war! Oil prices have rocketed to $100 $BTC , yet BTC has held at 65,000—MiG: if it’s supposed to drop but doesn’t, that’s strength!

Brothers, the U.S.-Iran conflict has entered its fifth month, and Trump has completely lost patience. In a White House meeting, he straight-up blew up and he was extremely unhappy with Iran’s leadership.

From the 1-hour chart, the MACD fast and slow lines are sticking together near the zero axis, while trading volume is shrinking—this is a classic “waiting for direction” pattern. 66,000 above is near-term resistance; if it breaks through, look for 66,500–67,000. 64,500 below is strong support; if it breaks, look for 63,500–63,000. However, on-chain data shows short-term holders’ cost basis is around 68,800, and they’re still at a loss. Below 65,000, sell pressure is limited.

Message-side interpretation: Oil prices surging to $100, U.S. Treasury yields hitting new highs for Trump’s second term, and midterm election pressure heating up—everything is bearish. But BTC hasn’t fallen, which means the market has already priced in most of the war-related news. Trump’s internal camp is also split—Kushner is still negotiating an agreement, while the hardliners are already preparing to keep fighting. Uncertainty is huge over the weekend, so funds don’t dare make rash moves.

MiG long/short two-way trading ideas:
Go long on a pullback after a wick, enter around 63,700–62,500. For aggressive traders, try longs if it stabilizes on pullbacks of 64,800–65,000. Short a move higher, lightly try a short around 66,300–67,000. For aggressive traders, if the rebound shows a stall signal around 65,800–66,000, lightly try a short

Brothers, a pile of bearish factors is building up, yet BTC has held at 64,500—that’s the bulls’ confidence. Over the weekend, the news flow could intensify, but the direction still hasn’t come out.

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