I just reviewed the charts, and Bitcoin is touching interesting levels below $69,500. Meanwhile, there is quite a bit of volatility in traditional markets, especially with attacks on tankers that have pushed the price of oil back above $100. It’s interesting to see how these geopolitical events continue to affect both commodities and cryptocurrencies.

What catches my attention is the correlation we’re seeing. When oil rises due to supply pressures, we generally see risk assets like Bitcoin adjust downward. This green move in the energy sector is creating a ripple effect in the markets. Traders are playing defense for now, waiting to see whether these pressures normalize or if we continue to see more turbulence.