Bitcoin is heading into the weekend with broken near-term structure, elevated macro pressure, and a political catalyst that now sits close to the center...

Bitcoin is heading into the weekend with broken near-term structure, elevated macro pressure, and a political catalyst that now sits close to the center of the market’s risk map.The technical setup has deteriorated in steps over the past two weeks. The macro backdrop has stayed tight as Treasury yields press higher and Middle East risk continues to filter through oil, inflation expectations, and rate-sensitive assets.Layered on top of both is a familiar variable from recent months, President Donald Trump’s public messaging on Iran, which has repeatedly shifted sentiment across stocks, bonds, oil, and crypto.His prior weekend social media forays on Tariffs, Venezuela, and Greenland all had similar effects on the market. Trump has done most...

Bitcoin is heading into the weekend with broken near-term structure, elevated macro pressure, and a political catalyst that now sits close to the center of the market’s risk map.The technical setup has deteriorated in steps over the past two weeks. The macro backdrop has stayed tight as Treasury yields press higher and Middle East risk continues to filter through oil, inflation expectations, and rate-sensitive assets.Layered on top of both is a familiar variable from recent months, President Donald Trump’s public messaging on Iran, which has repeatedly shifted sentiment across stocks, bonds, oil, and crypto.His prior weekend social media forays on Tariffs, Venezuela, and Greenland all had similar effects on the market. Trump has done most...