It's all about Oil and commodities.Markets are opening later tonight, and on the weekly futures on Hyperliquid, Oil is currently trading at $110.That wouldn't shout upwards momentum for #Bitcoin, the opposite.Given that we're seeing the lows being taken out on Bitcoin already, I wouldn't be bullish until it cracks $71K and there's some clear certainty in the Middle-East.Until then; risk-off appetite. ...

The recent correction on Friday on #Bitcoin was essentially just risk-off appetite to not be having positions going into the weekend.Nothing else.Markets are turning back upwards again, probably we'll see a slight pullback later today for CME gap closing appetite, but other than that, I would assume we'll continue to grind upwards to the resistances at $75-80K. ...

Make it or break it for the #Bitcoin dominance.You could argue it's downtrending since the recent peak.You could argue it's uptrending since the lows in '22.All depending on the nature of macroeconomic markets. If the risk-off appetite slows down, that would be a trigger for dominance to go down as the risk-on appetite strengthens. ...