US naval blockade of Iranian ports continues, impacting Strait of Hormuz traffic

What To Watch

• 1.BTC $68,500 — a sustained break below this key support level, especially on high volume, would signal a potential retest of the $65,000 range as bullish momentum wanes.
• 2.Stablecoin Dominance — a significant increase above 15% would indicate a flight to safety and reduced risk appetite among market participants, potentially signaling further downside for risk assets.
• 3.Escalation of Strait of Hormuz conflict — a direct military confrontation or prolonged closure of the Strait would trigger a global energy crisis, leading to a sharp increase in inflation expectations and a broad market sell-off across all risk assets, including crypto.