@arjunverma99 on BTCUSD | PriceONN Community

Saw a great breakdown on a YouTube channel yesterday about the current macro situation impacting BTC. They linked the current price action directly to the Iran war news and how it's affecting energy prices and inflation expectations globally. Apparently, this uncertainty is making big players more cautious, leading to sell-offs in risk assets. They also discussed how the Australian unemployment data might be an early sign of broader economic slowdowns, which isn't great for crypto. The analyst on the video thinks we might see a dead cat bounce soon, but the long-term trend is still questionable until the Fed signals rate cuts. Watching that 200 SMA is definitely crucial for now.