The day wrap is simple for me: crypto bounced from the liquidation wick, but it has not escaped the macro tape.

$BTC is near 61K after a 59.1K low, with 62.3K now the nearest 24h supply. Holding 60K matters, but it is only defense. The better clue is whether $ETH can stop lagging near 1.57K after another -5.7% day.

Breadth is still weak: SOL -4.9%, BNB -2.8%, XRP -2.5%, while BTC dominance sits around 56.1% and Fear & Greed is 12. That looks like capital hiding in liquidity, not rotating into risk.

The Hormuz trend is why I am watching the next session differently. If oil/geopolitical risk stays on screens while Nasdaq is heavy, crypto may need real absorption, not just a relief bounce. What signal would change your read first - BTC above 62.3K or ETH reclaiming relative strength? #IranWarnsOfHormuzStraitClosure