Bitcoin Plummets to $66K and Ethereum Drops Under $2K Amid Ongoing Middle Eastern Conflict: A Weekly Overview
Last week saw significant developments on the Iran - Israel/US front that impacted the volatile cryptocurrency market. Bitcoin fell from a high of $76,000 to around $66,000, influenced by various factors including the US Fed's decision not to adjust interest rates, ongoing negotiations between the US and Iran, and the Royal Government of Bhutan's transfer of Bitcoin, likely for sale. Other cryptocurrencies such as Ethereum, XRP, and SOL also experienced significant declines. Despite this, a few digital assets, led by TAO and WLFI, showed gains. Major headlines included Better Home & Finance partnering with Coinbase to allow BTC and USDC for mortgages, NYSE's parent company investing $600 million in Polymarket, and predictions Bitcoin could fall to $46,000 due to 'electric cost' fluctuations.
$C JUST PUMPED INTO EXHAUSTION ⚠️
Entry: 0.087-0.091 🔻
Target: 0.080 📉
Stop Loss: 0.099 🛑
Blow-off rejection is the signal. Let the first failed bounce confirm weakness, then press the short only if 0.090 stays capped. Liquidity is stacked below, and trapped longs can accelerate the move fast. Protect the trade, size for volatility, and don’t chase the breakdown blindly.
Parabolic moves usually unwind hardest when momentum dies at the top. This setup matters because 0.090 is the line between a reset and a full flush, and I want to be positioned before the crowd realizes the trend is over.
Not financial advice. Manage your risk.
#Crypto #Altcoins #Short #WhaleWatch #Trading
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{future}(CAKEUSDT)
FIL IS WAKING UP AGAIN $FIL 🔥
Community attention is creeping back in, and FIL is starting to look alive again. Stay glued to the tape, track where the bids keep absorbing, and don’t chase until liquidity confirms the move. If momentum keeps stacking, this can turn into a fast squeeze.
I think this matters right now because dead-looking majors often wake up right before the crowd notices. When sentiment flips and liquidity follows, FIL can reprice faster than people expect.
Not financial advice. Manage your risk.
#FIL #Crypto #Altcoins #WhaleWatch
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{future}(FILUSDT)
For insurance companies, if fewer miles are driven this summer as a result of sustained higher gas prices, fewer accidents can be expected. That would translate into lower claims costs, a favorable impact on the benefit ratio, increased profitability, and a boost to earnings.
FactSet Associate Director Stewart Johnson breaks down the situation in his latest analysis, including historical data and scenarios.
Read the full article:
Oil & Interest rates, collectively, are single-handedly driving the equity market. The longer prices remain high, the flatter the slope will be WRT stocks. That means, smaller changes in oil/rates will have larger impacts on stocks. One reason this is already beginning to play out, is because we're beginning to see higher oil/rates show up in the economic/sentiment data. This will only get worse going forward, explaining why higher-for-longer oil/rates will become increasingly problematic for an investors base with 2022 PTSD inflation anxiety.