$BTC 📊 Daily Bitcoin Analysis 📊

- BTC had a large drop today from Israel attacking Iran's nuclear facilities. Imo this will turn into a great buying opportunity as the liquidations are now over 1B and everything is starting to reset.

- BTC bounced perfectly at our support of 102.7k and is currently near resistance at 104.6k

- The RSI is reset at 50 and starting to curve back to the upside while the StochRSI is still signaling bearish momentum (for now).

- On the bright side, the 1W liquidation heatmap has taken most of the liquidity to the downside which opens up the door for a reversal within the next few days, but we still need to watch the 24h liquidation levels near 102.6k which may give us one more wick down before continuing higher.

- The main things to watch is how much Iran retaliates and if this escalates into a full blown war or if it's just a few strikes and calms down again. I expect Trump to make an announcement today which should hopefully calm things down (after his 11am EST meeting with the National Security Council).

- During war tensions, people look for safety. Whether it's gold, bonds, or even BTC. Imo BTC will turn into that "flight-to-safety" asset. Let's just hope it's sooner rather than later.

Major resistance is 106.2k, 110k and 113k

Major support is 102.7k, 100k, 95k, 88-90k