The $69,378 level was the "line in the sand" for bulls. Falling below it while Maybank slashes GDP forecasts signals a rotation out of risk and into cash to cover rising energy costs. If we don't reclaim $70K within the next 8 hours, the next structural floor at $64,560 becomes the primary magnet. The "Hormuz Premium" is now a permanent tax on global growth - trade accordingly.

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