Bitcoin’s Wild Week: A Technical Postmortem

Another week, another 10% swing. Bitcoin flirted with \(107k before getting sucker-punched down to \)98,200 – classic options expiry volatility at work. The charts show weak closing momentum, suggesting traders are keeping their powder dry until clearer signals emerge. Meanwhile, ETH got dragged along for the ride, oscillating between \(2,200-\)2,500 like a yo-yo in a hurricane.

Geopolitics Meets Monetary Policy

The Middle East decided to spice things up with military posturing around Iranian nuclear facilities. Unlike gold’s predictable safe-haven pop, BTC demonstrated its true colors as a risk asset – tumbling alongside equities. Over at the Eccles Building, Powell’s Federal Reserve maintained their ‘data-dependent’ mantra while quietly pushing out rate cut expectations. Translation: the liquidity spigot stays shut for now.

The Regulatory Chessboard

Washington moved its pieces with the GENIUS Act clearing Senate hurdles - finally bringing stablecoins into the regulatory fold. Across the pond, MiCA continues its glacial march toward implementation. Slowly but surely, the industry’s legal scaffolding takes shape…just don’t hold your breath waiting for clarity.

Institutional Moves Worth Watching

BlackRock’s crypto ETF ambitions and whispers of a ‘Bitcoin Strategic Reserve’ suggest traditional finance isn’t just dipping toes anymore – they’re wading deeper into these murky waters. The smart money appears to be playing the long game while retail traders get whipsawed by weekly volatility.

Pro tip: If you’re trading this market, pack extra antacids. If you’re investing, keep your time horizon measured in years, not tweets.