Personal Consumption Expenditures Index

Bitcoin’s retreat from above $87,400 has placed the $82,000 support area at the center of market attention. Technical traders say holding the roughly $81,500 to $83,000 zone could keep bullish momentum intact, while a failure may open the door to the high $70,000s.

WTI and Brent started the week higher after diplomacy around the Strait of Hormuz failed to deliver a clear breakthrough. Traders are now watching whether WTI can reclaim $95.18 and whether Brent can push through $99.20 as the market balances export recovery against shipping risk.