BTC has fallen to the critical level of 99,000 due to the impact of the Israel-Iran war. If this level breaks, the important support level below, from a daily perspective, is around 935-950. A rebound needs to stabilize above the key level of 101,200.
Currently, one of Iran's retaliations:
Kousari, a member of the Iranian Parliament's National Security Committee, stated that the Iranian Parliament has concluded that the Strait of Hormuz should be closed, but the final decision rests with Iran's Supreme National Security Council.
The Strait of Hormuz, located between Oman and Iran, connects the eastern Oman Gulf and the western Persian Gulf, and is the only maritime passage for oil from the Gulf region to the rest of the world. Approximately one-third of the world's maritime crude oil trade passes through the Strait of Hormuz.
Subsequent retaliations have also significantly impacted BTC prices, especially attacks on U.S. military bases in the Middle East.