Israel struck targets in Iran, causing a sharp drop in risky markets, including cryptocurrencies. The further development of the situation will depend on Iran's response actions.

Bitcoin reached a level of about $102,600, where a 'sonar block' formed on the weekly timeframe, and for now, the price has halted its decline. For rapid growth, we need to see a sharp impulsive rise of at least three candles on the 4-hour timeframe, which will cover the bearish imbalance and raise the price to $106,700. Otherwise, the recovery will be prolonged.

In the event of escalating conflict, a drop to $97,000 is possible with the closing of the weekly imbalance.