๐ช๏ธ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฎ๐ ๐ฎ ๐๐ฟ๐ผ๐๐๐ฟ๐ผ๐ฎ๐ฑ: ๐ช๐ต๐ ๐๐ต๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ ๐ง๐๐ฟ๐ป๐ถ๐ป๐ด ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต
Bitcoin recently slipped below $103K, echoing a growing tide of caution in global markets. One of the biggest triggers? A sudden escalation in the IsraelโIran conflict, prompting a risk-off shiftโcrypto investors moved into gold, leaving BTC behind .
But geopolitical strain isnโt the only headwind. Technical charts are flashing warning signs:
Analysts are observing a bear-flag pattern forming, with potential downside toward $97Kโ$98K if Bitcoin canโt reclaim the $106.6Kโ$106.8K zone .
Indicators like RSI and MACD are showing bearish divergenceโwhile BTC prices lift, momentum doesnโt align .
A 30-day momentum indicator signals a loss in upward strength, warning of a possible test down near $100K .
Finally, macro uncertaintyโfrom Fed rate decisions to U.S.โChina trade fluxโfuels caution. Without a fresh catalyst, Bitcoin risks drifting lower .
๐ What Could Avert the Slide?
A dip back into safe-haven territory if global tensions ease or inflation data surprises to the downside.
A bounce in equity markets providing the tailwind needed for BTC to retake key resistance.
๐งญ For Investors & Traders
If you're navigating this pullback, watch these zones closely:
Support: $102Kโ$100K
Resistance: $106Kโ$108K
Use disciplined risk management. For those expecting a rebound, accumulating near $100K could offer good risk/rewardโjust be ready for volatility.
As we enter a crucial week, one thingโs clear: Bitcoinโs direction hinges on global headlines, Fed policy, and technical strength. Stay alert, stay smart.