Oil is up, and crypto and gold are rising together—are they desensitized now? Oil quietly climbed to $82.8 from yesterday to today. It’s likely due to the Iranian airstrikes affecting oil production facilities. The market seems to have a pessimistic outlook on the U.S.-Iran situation right now. What’s interesting is that as oil prices rose from yesterday to today, crypto and gold followed suit. It’s like they’ve become desensitized. This also shows that the current crypto market is more reliant on the positive sentiment from reduced rate hike expectations than it is worried about the potential long-term inflation rebound caused by rising oil prices. The rate hike probability for the end of the month has already dropped to around 10%. This month’s fundamentals are consistently positive, which supports the ongoing low-buy strategy for crypto. Right now, both technicals and fundamentals align for a continued low-buy trend until early August. If the U.S.-Iran situation continues to deteriorate without any signs of easing, then high oil prices could negatively impact August’s fundamental data. At that point, we might see a 4-hour level drop. But if there’s a window of relief in the U.S.-Iran tensions in the next week or two, it would be further bullish for crypto, and both gold and crypto could use the momentum to climb even higher. In summary: This month’s fundamentals are strong, so we remain optimistic about the continued rebound in crypto and gold. Even if next month’s data turns out to be bearish, it would just create the best dip-buying opportunity after a sell-off. To put it simply: June’s low point is very likely the cyclical bottom. ethereum:0x68749665ff8d2d112fa859aa293f07a622782f38 bitcoin:native