US-Iran conflict is escalating fast, and BTC is taking the hit.

We're in week four now. Trump just gave Iran a 48-hour ultimatum on the Strait of Hormuz. Oil spiked above $112, markets are jittery, and Bitcoin got dragged down with everything else.

Over the weekend, we lost the $70k psychological level. Then $68k support broke. Now we're sitting around $67,900.

Levels I'm watching:

· Resistance: $69,200–$70,000

· Key support: $67,500 → if that fails, next stop is $60,000

· Worst-case chatter: $55k–$66k range if macro pressure continues

Right now, BTC is trading like a risk asset, not a safe haven. It's correlating with the S&P 500, which historically hasn't ended well when key levels break.

Short-term outlook: Bearish. I'm waiting for a reclaim of $70k before even thinking about longs.

Long-term: If this conflict drags, central banks will print. That's when BTC could go parabolic—but that's months out, not days.

For now? Buckle up. Spot holders, be patient. Traders, don't catch a falling knife.