Post
Austin Summer
$BTC is NOT about $BTC right now
Everyone looking at 84K / 85K / 86K
Nobody talking about why BTC is actually stuck:
$CL is back at $93
Hormuz risk is back. Trump rejected the deal. Oil up = inflation up = risk assets down.
Last week: Oil dumped, BTC pumped.
This week: Oil pumping, BTC stuck.
This is the correlation until NFP Friday.
- Below 84K I don't long
- Above 85K I look for momentum
- Above 86.6K trend flips bullish
Don't get chopped. Watch oil first, then trade BTC.
#ORBIT
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