$600M Liquidated, But Macro Is Still Broken
$BTC hit $72,479 on U.S.-Iran truce headlines. Over $600M in shorts were liquidated in the rush. Then the reality hit - Iranian media confirmed a U.S. strike on the Lavan Island refinery, less than 48 hours after the truce.
RSI at 60.62. Neutral, not accumulation. Volume spikes on geopolitical news, then fades.
Key levels to watch:
- Support: $67K-$68K (must hold)
- Downside: $64K-$65K retest if support breaks
- Resistance: $75K
- Target if $75K clears: $78K-$80K
Signal: $BTC is tracking oil volatility, not building its own momentum. Trade the news, do not position for a breakout yet.
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