After Iran announced the death of Supreme Leader Ali Khamenei, Bitcoin recovered to $68,000.
In response to attacks by the US and Israel, Iran warned that no ships would be allowed to pass through the Strait of Hormuz.
20% of the world's oil supply passes through the Strait of Hormuz.
Now most people are scared. There are two possible scenarios.
Seasons 1: If this escalates into a prolonged conflict leading to tight liquidity and a bleeding of risky assets like crypto.
Seasons 2 : If this is another act of retaliation, could this second scenario be a BEAR trap.
Let me know what you think?
$BTC $XAU