#BTC Direct technical analysis of Bitcoin in the medium term (3 to 7 days).
🔥 Potential political impact:
The current political situation keeps the markets on edge. Any escalation in the U.S. response could lead to widespread selling in risky assets, including cryptocurrencies. Conversely, any de-escalation or limited response may push Bitcoin up as a safe digital haven.
📊 Technical analysis:
🔴 Bitcoin is currently trading near $100,800. This level represents a critical crossroads. There is strong resistance at $102,400, which the price has failed to break reliably so far. If Bitcoin can surpass this barrier, it is likely to target levels of $106,000 then $110,000 in the medium term.
🔴 If the price loses its support at $98,000, it is likely to drop to $95,000 and may test areas of $93,000.
🔴 Technical indicators like RSI indicate a neutral to bearish state, meaning the market is fragile and can turn quickly depending on any sudden political developments. MACD also signals weakening upward momentum.
🎯 Expected trend:
- If the political situation calms down: Bitcoin will gradually rise towards $106,000 then $110,000 🚀🚀🚀.
- If there is a violent U.S. response or new escalation: it will drop to $95,000 or even $93,000.
- If the situation remains ambiguous: the price will continue to fluctuate between $98,000 and $102,000 waiting for clarity.
🛡️ Recommendation:
⚠️ Do not enter the market now with a large position.
⚠️ If you are in a buy position, watch the $98,000 level as a last line of defense, and consider taking partial profits at $102,000 – $104,000.
⚠️ In the case of a stable breakout above $103,000, that would be a strong buy signal.
⚠️⚠️⚠️ In case of a downward break below $98,000, it is better to exit or enter a short position.
🎯⚠️ Keep an eye on the latest geopolitical news, don't forget support 👍