#MarketPullback 📉 What’s Driving the Dip Today?

1. Geopolitical Risk-Off Sentiment

Bitcoin fell below $103K early today after Israel launched airstrikes on Iran, spooking investors and triggering a broad risk-off move across global markets .

Crypto often behaves like risky assets during geopolitical tension—this time it prompted widespread liquidation.

2. Technical Overextension & Consolidation

After surging to intraday highs around $109K, Bitcoin faced a cooldown phase with prices ranging between ~$106.6K–$109.2K .

Altcoins, like Hyperliquid (HYPE), also pulled back after touching pattern-based resistance zones .

3. Market Sentiment & Profit-Taking

The Crypto Fear & Greed Index has dropped from ~65 to ~61, signaling that sharp profit-taking could be underway .

Many traders closed positions near recent highs, keeping realized losses modest (about $200 M on‑chain), but enough to spark short-term weakness .

Key Technical Levels to Watch

Asset Support Zone Resistance Zone

Bitcoin $106.6K – $107.7K range; deeper support near $101K ~$109.2K – $110.3K, next at ~$115K

Ethereum ~$2,500 – Intraday low ~$2,465 Resistance ~$2,700–$3,000; today high ~$2,770

Altcoins are showing mixed behavior—XRP recently dropped from $2.30 to ~$2.11 but has found short-term demand around $2.08–$2.10 .

What’s Next: Recovery or Deeper Pullback?

If geopolitical tensions ease, risk-on sentiment could return fast, lifting Bitcoin back toward ~$110K+.

Continued technical consolidation between $106K–$110K might build a foundation for the next leg higher—some analysts still eyeing $115K+ if macroconditions stay supportive .

However, a break below $106.6K would open the door to a deeper retracement, with potential targets near $101K .