Bitcoin: Bond Markets Dictate BTC Moves

Bitcoin traders should ignore the Strait of Hormuz and focus on bond markets, according to @CryptoMichNL, who noted that a reversal there would send BTC above $65,000 while triggering periods when Ethereum outperforms Bitcoin during bond market rallies.

Price sits at $63098.62 inside the Bollinger Bands on the 4h chart, testing lower support near $63047.96 while EMA50 at $63256.99 and EMA200 at $63868.31 cap upside in a bearish structure confirmed by the MACD death cross; with RSI at 43.42, the setup points to a measured bounce off the 50-EMA before any sustained push toward upper-band resistance at $64814.16.