Post by Augustine Chiagozie (@pabloexchange)

📉 Market Overview

BTC: $65,450

ETH: $1,886

Fear & Greed Index: 28 (Fear)

BTC Dominance: 59.54%

💻 Despite a minor bounce off our trendline, my bearish bias remains completely unchanged. This leg down might not materialize today, but I still expect us to hit the targets I mapped out in yesterday's post before the week comes to a close.

🌎 While we are busy dealing with channels on the charts, the re-blocking of the Strait of Hormuz has pumped oil prices right back to $100. The pressure on risk assets is palpable. Frankly, if it weren’t for Michael Saylor and his institutional peers holding the line, Bitcoin would have flushed down to the $50K region ages ago.

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