đ Bitcoin $BTC Buoyed by Trumpâs Delayed War Decision Bitcoin is hovering around $106,000, up nearly 0.9% over the past day, as broader crypto markets remained resilientâŻ
Risk assets rallied after former President Trump postponed any immediate military action in the IsraelâIran conflict, easing geopolitical fearsâŻ
Predictionâmarket odds of U.S. intervention by monthâend fell sharply from ~70% to 40%, but remain elevated at 62% for next month⯠coindesk.com .
â ď¸ Analyst Warning: $92K Bitcoin Risk Blockchainâanalytics firm Glassnode notes muted onâchain activityâa sign of institutional dominance through large, infrequent trades and less retail-driven volatilityâŻ
A subdued onâchain profile could heighten downside risk; some analysts are flagging a potential drop to ~$92,000 if market liquidity remains low and macro headwinds intensifyâŻ
đ What to Watch Today Geopolitics: Further commentary from Trump or speculation on U.S. military engagement could move markets.
OnâChain Metrics: Watch for changes in stablecoin inflows or wallet activityâchanges here could tip momentum.
Crypto Correlations: With oil pulling back (~1.7%) and equities slightly higher, watch $BTC âs connection to broader market sentimentâŻ
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đĄ Bottom Line $BTC Bitcoin has received a nearâterm boost due to eased geopolitical risk, trading around $106K. But analysts caution that low trading activity and thin liquidity leave it vulnerable to a retracement toward $92K. Keep an eye on onâchain indicators and macro newsflows.
