#Btc $BTC

## **1. Geopolitical Tensions Driving Short-Term Volatility**

- Bitcoin’s recent drop below $105,000 (currently ~$104,500) is attributed to Israel’s airstrikes on Iran, which triggered a risk-off sentiment across global markets .

- Historically, Bitcoin has shown short-term declines during geopolitical crises but often recovers within 48 hours . If tensions escalate, BTC may retest the $100,000 support level .

### **2. Technical Indicators Suggest Further Downside Risk**

- BTC is testing key support at **$104,800**, with the next critical level at **$102,500** .

- The **MACD** remains bearish, and the **RSI (37 on 4H chart)** indicates near-oversold conditions, which could attract dip buyers .

- A breakdown below **$104,000** (200-period EMA) could lead to a retest of **$100,000**