3 days ago
8
Key Takeaways:
- Bitcoin dropped to $73,142, down 1.76% as Iran-US conflict escalated overnight
- Price sitting on triple confluence: SMA100, ascending trendline, and 0.5 Fib at $71,391
- RSI at 34.57 – approaching oversold territory last seen near the February lows
- Iran struck a US airbase in retaliation, Kuwait activated air defenses overnight
- SMA200 at $80,004 and SMA50 at $77,183 both declining above as resistance
Bitcoin dropped to $73,142 overnight, down 1.76% on the day, as the Iran-US conflict produced its most significant escalation in weeks. The US conducted its second round of airstrikes according to BBC, hitting a drone command hub in Bandar Abbas on May 27. Iran responded by striking an American airbase in the region at 4:50am local time. Kuwait activated air defense warning sirens to intercept incoming missiles and drones. Oil prices moved higher. Risk assets moved low...
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