Crypto Market Under Geopolitical Pressure:
The current market remains under high uncertainty, largely influenced by escalating geopolitical tensions between Israel and Iran. This ongoing conflict has significantly affected investor sentiment, contributing to increased volatility across global markets, including cryptocurrencies.
Technically, Bitcoin ($BTC) has failed to maintain critical support zones near $67,000 and is showing weakness below the $66,000 level. The fear-driven sell-offs indicate a shift in momentum from bulls to bears. Altcoins like $ETH, $BNB, and $SOl are following suit, each experiencing breakdowns from their short-term support trendlines.
Volume patterns show a rise in exchange outflows, suggesting that traders are moving into stablecoins or exiting the market altogether. Dominance of stablecoins has increased, confirming a defensive stance across portfolios.
If the conflict intensifies, we may witness further downside pressure. Key support zones to monitor are:
$BTC: $64,000 and $61,500
$ETH: $3,350 and $3,180
$SOL: $135 and $122
Traders should exercise caution, use tighter stop losses, and avoid high-leverage entries in uncertain global environments. Always prioritize capital protection when volatility stems from external macro events.
