The Strait of Hormuz and Bitcoin Bitcoin / TetherUSBINANCE:BTCUSDTMadWhaleHi, At first glance, you might not see any connection between the Strait of Hormuz and the crypto market, but if you look a little deeper, you’ll realize everything is connected through the global economy. This strait is one of the most important routes for oil transportation in the world, so any tension there quickly affects oil prices. When oil prices rise, concerns about inflation and economic pressure increase, and that uncertainty influences how investors behave across all markets, including crypto. Recent events have followed this pattern quite clearly. Whenever tensions increased, markets became more cautious, money moved toward safer assets, and Bitcoin experienced some pressure or volatility. On the other hand, when positive news came out, such as the route remaining open or tensions easing, the overall mood improved, risk appetite returned, and Bitcoin began to recover. This shows that Bitcoin still does not act like a perfect safe haven and is strongly influenced by overall market sentiment. The key practical point here is that it is usually not a good idea to trade the news directly. Markets often move before the news becomes widely known, and sometimes they even react in the opposite way people expect. A better approach is to treat the news as a hint, then wait and observe how the market actually reacts. For example, if Bitcoin breaks an important support level after negative news, that move can be considered more meaningful. This is where tools like Trading View can really help. You can set alerts on key price levels so you do not miss important movements, check trading volume to see whether a move is genuine, and review past market behavior in similar situations. In simple terms, the news gives you a sense of direction, but the chart shows you the right time to enter, and that small difference can have a big impact on your trading results. Short Bitcoin analysis: In my view, Bitcoin has been forming a bullish channel over the past few months. Right now, the price is sitting close to a very important weekly support zone, which feels like a key decision point for the market, If this support holds, I would expect at least a 5% bounce in the short term, with a potential move toward the $79,000 area. Mad Whale 🐋 Need a little love! We pour love into every post your support keeps us inspired! Don’t be shy, we’d love to hear from you on comments. Big thanks