$BTC Sunday update: Looks like Bitcoin is anticipating a (more than likely) sell-off in the stock market tomorrow after the US intervention in Iran. With war escalating and fears that Iran blocks the Strait of Hormuz, risk markets like crypto can drop further. 🧵↓ (1/6):

Where is the liquidity? These 2 screenshots were taken today. The first one from 6 hours ago before the market dumped; and the second just now. Earlier, liquidity was sitting at $100k and $98k - and price moved directly there. Now it’s showing lower, $95k. That’s concerning.

I'm anticipating a drop in the stock market opening tomorrow, followed by a pump in oil and gold, leading Bitcoin to possibly drop to that $95k area. The Bitcoin Bull Market support level is currently at $85k, so all good as long as we don't lose it - there is room for a drop.

It's impossible to predict the market reaction beyond Monday. We need to wait and see if there is any more escalation or peace talks in the coming days. But, by looking at the BTC bull market support and the BTC.D cycle... this should end up being a correction in hindsight.

This is something we could see over the next few days. We just lost the local support at $100k, and the next one is at $93k which we could easily target after grabbing the orderbook liquidity at $95k. The best case scenario would be the reclaim of $100k support.