The oil price narrative combined with sentiment can indeed push prices up, but the technicals are overheated and there’s a high risk of geopolitical reversals. Don’t blindly chase the highs; managing your positions with proper stop-losses is the key.

The impact of Hormuz on BTC is currently a structural bullish narrative (oil pricing BTC) combined with short-term sentiment-driven price increases, but the technicals are already overheated, and geopolitical situations could reverse at any time—remember to set proper stop-losses if you're holding positions, and be cautious about chasing highs at this point.