Prediction evidence

Ma

That Martini Guy ₿

@MartiniGuyYT

Oil is still one of the biggest macro risks Bitcoin traders need to pay attention to right now. WTI has rallied from around $88 to above $103, and we're now testing a major resistance level. Here's what matters. $103 is the level bulls need to reclaim. A clean break could open the door to $105–106. If oil keeps pushing higher, inflation concerns could return, making it harder for central banks to cut rates. That's not great for risk assets. Bitcoin doesn't automatically fall when oil rises, but if higher energy prices push bond yields up and liquidity expectations deteriorate, BTC could come under more pressure. For now, oil has pulled back from resistance. I want to see whether that turns into a deeper correction or just a pause before another move higher. The next move in crude could tell us a lot about the macro backdrop Bitcoin is trading in.