$BTC 🖇️ $TRUMP
The Ukraine factor complicates the board. Why does oil threaten Bitcoin? 🛢️
President Donald Trump's strategy to stabilize energy prices has hit an unexpected wall. To compensate for the closure of the Strait of Hormuz due to the war with Iran, the Trump administration had temporarily lifted sanctions on Russian oil.
However, Ukraine has launched a massive drone offensive against refineries and ports in Leningrad, managing to paralyze nearly 40% of Russia's export capacity.
How does this affect us in the crypto world?
This new focal point of tension has again driven oil prices up: Brent is trading above $100 again, and WTI is recovering towards $94. For Bitcoin, this is a direct headwind. Expensive oil fuels inflation, which pressures the Fed to keep interest rates high for longer and even consider new increases.
The support at $65k is under test
As shown in the consolidation chart, Bitcoin has been resilient in the 50-day range, but the combination of rising oil prices, a strong dollar, and geopolitical uncertainty is testing that base. Currently, BTC is struggling to stay near $68,500, but options traders are already betting on greater volatility amid fears that global liquidity will decrease if inflation does not relent.
With oil breaking $100 and the Fed under pressure, do you think the $65k structure will withstand this new geopolitical shock, or is it time to adjust the Stop-Loss?
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