BTC Market Pulse (Current Price: 103700)
Bitcoin (BTC) has been impacted by news of the conflict between Iran and Israel, plummeting from 108398 to a low of 102614 last night, currently priced at 103700, down about 4% from the previous value (107959). The candlestick chart resembles a roller coaster, with bulls and bears fiercely battling between 108398 and 100000, and the market is on edge, leaving us to anticipate whether it will continue to decline or rebound!
Key Areas:
Upside Resistance: 108398 (last night's high).
Downside Support: 100000 (psychological bottom).
Trend Observation:
Four Hours: The price sharply dropped from 108398 to 103700, with a surge in volume, as if digesting panic emotions.
One Hour: A tug-of-war around 103700, breaking below 100000 or rebounding to 108398 will set the tone.
Real-time Dynamics:
On June 13, BTC plummeted due to news of the Iran-Israel conflict (rumors that Israel attacked Iran last night), creating panic in the market. The conflict news has driven down Bitcoin, and we need to pay attention to real-time battle conditions and the U.S. market response (rumors of a drop in U.S. stock futures and soaring oil prices).
Trend Speculation: If it breaks below 100000 again, it may head straight for the 95000 mark; if it stabilizes at 103700 and counterattacks to 108398, 105000 is possible! With the escalation of geopolitical conflict, the short-term outlook is bearish, and swing trading should be approached with caution!
Outlook:
Current price is 103700, with the 100000 cornerstone teetering. In the short term, it is expected to fluctuate between 100000 and 108398. A drop below 100000 or a test of 95000, a breakthrough of 108398 or a rush to 110000, will require either a de-escalation of the conflict or favorable news.
