Bitcoin is actually very influenced by geopolitical factors.
Let me tell you about the recent drops in the Bitcoin market caused by wars:
1. The outbreak of the Russia-Ukraine war, which is a full-scale war, led to a drop of 10% on the same day;
2. In 2024, Israel's airstrike on Iran caused a drop of 5.5%, at that time it was just an airstrike;
3. This year's event, Israel's airstrike on Iran, resulted in a drop of over 4%, this was also just an airstrike;
From the above data, you will find that as long as it is a war, it will trigger a significant spike on the same day, but it will gradually rebound afterwards.
So hopefully this does not escalate into a full-scale war.
Based on the above analysis, we predict that Bitcoin's price may further decline in the next 8-12 hours, ranging from $100,000 to $102,000-$103,000, and may test the support level of $102,400.
If the conflict escalates further (e.g., major retaliation from Iran), the price may face more downward pressure; if the situation stabilizes, Bitcoin may see a slight rebound, but given the current technical situation and market sentiment, it will take some time to recover.
$100,000 is the last stronghold for the bulls in the short term.
Ethereum and Dogecoin directly reference Bitcoin.