Bitcoin rally building on “Hormuz reopening” narrative 🌍



BTC broke $78K (7-month resistance)
→ next target: ~$84K

Bull case:
• Risk sentiment improving (geopolitics easing)
• Strong ETF inflows (~$800M weekly)
• Heavy short positioning → squeeze potential ⚡

Bear risks:
• Dead cross still active
• RSI near overbought
• Oil shock risk if Hormuz closes again

Takeaway:
Momentum strong, squeeze possible
but macro risk still in play

#btc
BTC-0,06%
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