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$BTC Drops Below $80K: Iran Rejects U.S. Deal! 📉
The market is feeling the heat as $BTC slides below the $80,000 support level, currently trading near $79,936. Geopolitical tensions are the main driver today following reports that Senior Iranian official Mohsen Rezaei has rejected the U.S. plan to reopen the Strait of Hormuz.
The Conflict: Iran is demanding reparations for war damage and tangible benefits before agreeing to any U.S. proposal.
Market Impact: $BTC is down roughly 1.84% in the last 24 hours, wiping out recent gains as traders rotate into safe-haven assets.
Technical Levels: We’ve seen a sharp rejection from the $81,700 highs. Watch the $78,612 level (MA10) closely—if that fails, the next major support sits near $77,764.
The "peace hope" rally is fading fast as reality sets in. With the Strait of Hormuz handling 20% of global oil, this blockade is keeping the entire market on edge. 🛡️
Are you buying this dip, or is there more downside coming as the conflict escalates?
$BTC $ETH $SOL #USIranMOUTalks #StrategyMaySellBTC #OKXOrbit #OKXPreIPOPerpsGoLive
Not Financial Advice. DYOR.
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