#IsraelIranConflict Bitcoin’s price dropped sharply today due to a combination of factors:

📉 Increased risk sentiment

Rising geopolitical tensions — especially airstrikes between Israel and Iran — drove investors away from risk assets, including crypto.

📊 Lowered rate cut expectations

Recent CPI and PPI data didn’t support a rate cut later this month, pushing the market into a “risk-off” mode.

⛰️ Technical resistance pressure

Bitcoin failed to break through the ~$108,000 resistance level. Momentum weakened as RSI fell from 64 to around 56.

💵 Leverage position liquidation

Tens of billions of dollars in futures positions were liquidated, triggering major selling pressure. A bull trap fractal pattern emerged, possibly pushing prices lower.