Bitcoin is currently hovering around 103 thousand dollars – after being above 110 and 112 a few days ago. Simply put, we dropped about 9 thousand dollars in the market like a reverse rocket! 😳
This has made people nervous; is this the beginning of a crash, a correction, or is something big happening that we’re not aware of?
Let me tell you what no one is saying 👇
🎯 What exactly happened
The natural correction; the market has risen a lot recently, so it needs to calm down a bit. This means that people who bought from the bottom are now saying that's enough and start to sell and take profits. This is called a correction... normal.
A significant support break occurred at 107 thousand, which activated many stop losses, causing us to drop down to 103 against our will.
Very hot news has escalated the situation; the entity struck vital sites in Iran, and this is not trivial at all. This could ignite the whole region, and investors worldwide are afraid of wars. Fear drives money to flee from cryptocurrencies quickly and move to gold and oil.
📉 What does technical analysis say?
RSI dropped below 50 = the market has lost momentum.
MACD is showing negative divergence = we might drop a bit more.
The moving averages indicate that if we don't stabilize above 104, we'll drop down to see 100 thousand or even lower.
The strong support ahead: 100 thousand – if it breaks? Get ready to see 95 or 92.
The next resistance? 107 thousand – we need to surpass it to return to the upward path.
😈 So, is there an opportunity? Or is it all dark?
On the contrary, opportunities arise in fear. If you’re playing short-term and bought around 102–100 and we go back up to 107–110, then you’re the winner.
If you’re playing it long, you might wait for a break of 112 thousand or accumulate in stages on every dip and keep an eye on taking profits at 130–140 in the coming months.
🧠 Political analysis is also important
The entity's attack is not a passing event, and if Iran retaliates, especially through the Houthis or Hezbollah, the situation could actually ignite. At that point, Bitcoin might crash, or people could see it as a safe haven and drive it up wildly (like what happened at the beginning of the Russian war). Everything is related to the speed of escalation and the global market's reaction.
💡 What’s happening now is a moment of market testing; it’s correcting, and war news is increasing pressure, but this might be the best real buying opportunity in weeks. Just don’t enter randomly. Play it smart, with a plan and a clear stop loss.
🎤 Keep a close watch on the market, don't rush, and always let your analysis precede the news.
And this is obviously just an analysis and opinion, not financial advice 😊👻
