#middeleast
middeleast
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🇺🇸 The temporary global tariff of 10% expires on July 24, and the administration is preparing a new cycle. Up to 60 countries could be affected, covering nearly the entirety of U.S. import volumes.
🛢️ Brent crude oil has broken through the $90 per barrel mark amid rising tensions with Iran, while official U.S. gasoline prices are back above $4 per gallon. A war with Iran is far from over. This is a new Afghanistan.
₿ Amid fresh positive news around the Clarity Act law, Bitcoin has climbed above 66.5K. Twitter is calling it again « the end of the bear market ». But when is it really different?
The 21-day exponential moving average (EMA) is around 69K, and Bitcoin is approaching this resistance zone.
We have already booked 3 « mother of shorts » since the BTC peak, and this would be the 4th. If you missed the previous ones, this is a solid zone to consider for a short. I expect the price to eventually fall further, but $55K is a prudent target. We’ll keep this short for a deeper pullback.
The capitulation is still to come, with about two more months of price action in a bear market before the bottom.
Tick tock ⏳
#middeleast #OilPriceShocks #Geopilitics #GOLD #BTC
$BTC $XAU $CL
🇺🇸 The temporary global tariff of 10% expires on July 24, and the administration is preparing a new cycle. Up to 60 countries could be affected, covering nearly the entirety of U.S. import volumes.
🛢️ Brent crude oil has broken through the $90 per barrel mark amid rising tensions with Iran, while official U.S. gasoline prices are back above $4 per gallon. A war with Iran is far from over. This is a new Afghanistan.
₿ Amid fresh positive news around the Clarity Act law, Bitcoin has climbed above 66.5K. Twitter is calling it again « the end of the bear market ». But when is it really different?
The 21-day exponential moving average (EMA) is around 69K, and Bitcoin is approaching this resistance zone.
We have already booked 3 « mother of shorts » since the BTC peak, and this would be the 4th. If you missed the previous ones, this is a solid zone to consider for a short. I expect the price to eventually fall further, but $55K is a prudent target. We’ll keep this short for a deeper pullback.
The capitulation is still to come, with about two more months of price action in a bear market before the bottom.
Tick tock ⏳
#middeleast #OilPriceShocks #Geopilitics #GOLD #BTC
$BTC $XAU $CL
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