BTCUSD Analysis
BTCUSD is falling from the retest area of the broken ascending channel
BTCUSD Update
BTCUSD is consolidating at the lower high area, which leads to the SL price. However, BTCUSD still have chances to fall from the lower high area of the Descending channel.
Reason: Due to the Geo political and war, the market is not making technical movements at this time.
Why BTCUSD is Stronger
US President Donald Trump on Sunday appeared to extend his deadline for Iran to reopen the Strait of Hormuz by 24 hours, setting a new cutoff time.
- US–Iran tension + Hormuz threat is creating global uncertainty.
- Bitcoin reacts quickly to such events
- Oil is rising sharply due to Hormuz risk (20% global oil supply affected).
- Higher oil → higher inflation → weaker confidence in traditional economy
👉 This can support Bitcoin as a “hedge / alternative asset” in some cases.
But ⚠️ At the same time, high oil = risk-off mood → sometimes BTC falls too.
Technically BTCUSD still remains in a downtrend.
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