🔥 MARKET UPDATE 🔥
BTC is back in the mid 65k area this morning!
Big difference from last week is buyers finally have something to work with. BTC wicked near 60k during the flush, reclaimed higher, and now it is trying to turn that panic move into a reversal.
The macro backdrop flipped pretty fast too. Oil is down hard after the U.S. and Iran peace headlines, stocks are catching a bid, and risk assets finally have some room to breathe again.
Crypto needed that badly. ETF flows were ugly for weeks, sentiment got crushed, and everyone started acting like the move was over once BTC lost 70k.
Now the market has a chance to prove if that was just a forced reset.
ETH and SOL are bouncing harder today, but BTC still sets the tone. First job is holding 65k. Then the real test is 68k to 70k.
If BTC can reclaim that area, the whole conversation changes fast! 😎