Market Update
#Bitcoin
Contrary to what many might have misunderstood from this chart, as long as Bitcoin remains inside this channel, the structure is bearish.
From Tactical Positioning Week of 05.11
https://t.co/204RC7jG3V
The situation can only be resolved through one of two outcomes. The first is a victory by Iran, which would mean Iran keeps at least one of its two core cards: its nuclear program or leverage over the Strait. The second is a victory by the US, which would require both killing Iran’s nuclear program and removing Iran’s leverage over the Strait.
So far, Iran still holds both cards. I do not see why Iran would voluntarily give up both. History shows that once you give up your leverage, you are permanently weakened. Iran understands this. It may be willing to compromise on one card, but not both.
For Iran to give up its nuclear program, it would need a credible guarantee that Israel will not attack Iran. But as I mentioned before, expansion is existential for Israel, and oil prices are not a major concern for Israel.
Therefore, Iran is unlikely to give up its nuclear program, because it sees it as a necessary deterrent against Israel. That, however, is a non-starter for the Trump administration. This is the core conundrum.
This idiot bought 700k BTC at an average cost of $76,038. Now he’s hiking yields while the underlying is sliding, just to keep buyers showing up. That is what the last stage of any Ponzi looks like. Imagine how the market reacts when he has to sell BTC to pay debts.
From Tactical Positioning Week of 05.11
https://t.co/204RC7jG3V
The situation can only be resolved through one of two outcomes. The first is a victory by Iran, which would mean Iran keeps at least one of its two core cards: its nuclear program or leverage over the Strait. The second is a victory by the US, which would require both killing Iran’s nuclear program and removing Iran’s leverage over the Strait.
So far, Iran still holds both cards. I do not see why Iran would voluntarily give up both. History shows that once you give up your leverage, you are permanently weakened. Iran understands this. It may be willing to compromise on one card, but not both.
For Iran to give up its nuclear program, it would need a credible guarantee that Israel will not attack Iran. But as I mentioned before, expansion is existential for Israel, and oil prices are not a major concern for Israel.
Therefore, Iran is unlikely to give up its nuclear program, because it sees it as a necessary deterrent against Israel. That, however, is a non-starter for the Trump administration. This is the core conundrum.
Market Update
#Bitcoin
Contrary to what many might have misunderstood from this chart, as long as Bitcoin remains inside this channel, the structure is bearish.
For USDJPY to initiate a self-reinforcing downward spiral, the BOJ must sustain a break below the 155.5 level for a few days. Otherwise, the path of least resistance remains to the upside.
USDJPY (Daily, as of 2026-05-08)
https://t.co/1Z5KYfS3UJ
For USDJPY to initiate a self-reinforcing downward spiral, the BOJ must sustain a break below the 155.5 level for a few days. Otherwise, the path of least resistance remains to the upside.
USDJPY (Daily, as of 2026-05-08)
https://t.co/1Z5KYfS3UJ
Market Update
#Bitcoin
Contrary to what many might have misunderstood from this chart, as long as Bitcoin remains inside this channel, the structure is bearish.
Market Update
#Bitcoin
Contrary to what many might have misunderstood from this chart, as long as Bitcoin remains inside this channel, the structure is bearish.