1 week ago
4
Key Takeaways
- Markets price a one-in-three July hike chance.
- $67,370 is the main breakout test.
- Hormuz shipping remains down roughly two-thirds.
- BOJ policy adds carry-trade risk.
- Tech earnings will test broader risk appetite.
- Stablecoin inflows increase available buying power.
According to Reuters, Iran indicated that it would continue withholding retaliatory attacks while the United States did the same. West Texas Intermediate crude fell about 5%, easing some of the inflation pressure created by the conflict.
Crude topped $100 a barrel last week, so a 5% decline still leaves prices where they feed inflation, and the shipping disruption behind the rally has not cleared.
Bitcoin Still Needs to Clear $67,370
Fibonacci retracements mark the depths at which a prior move commonly pauses, while a moving average shows the average price ...
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