$LUNC 🇮🇷🇺🇸 Iran has proposed a deal to mediators to stop attacks in the Strait of Hormuz in exchange for ending the war and lifting the U.S. blockade on Iranian ports. $BTC $ETH
$BTC has now closed 4 consecutive weeks in green for the first time since April 2025.
- Weekly MACD has flipped bullish. - Price has reclaimed April 2025 lows. - RSI has reclaimed the long-term support line.
The next key level for Bitcoin is $80K, and a clean breakout above it will confirm a reversal.
A rejection from $80K will push BTC towards the $74K support zone.
There are several key events too this week, which will decide the next BTC move.
- US and Iran indirect talks - BOJ decision on Tuesday - FOMC and earnings report on Wednesday - ISM PMI data on Friday.
Looking at the macro, several things are aligned together, which has historically been bullish for crypto.
- The Russell 2000 is hitting new highs. - ISM has printed 3 consecutive months above 52. - New Fed Chair could be confirmed in a few weeks. - US M2 supply is at new highs - The Fed is injecting liquidity into the markets.
All it needs now is a BTC breakout above $80K with rising Coinbase Premium, and we could see a broader crypto market rally. $LUNC $BNB
BIG:🔥$SOL Western Union says it will launch its Solana-based stablecoin USDPT next month,$BNB as part of a crypto plan that includes its digital asset network and US dollar stable card. $ETH