$BTC faces a day of high volatility, trading around $104,694 after a 4% drop from its intraday high of $108,356. The escalation of the conflict between Israel and Iran, with reported airstrikes, has unleashed a risk-averse sentiment in global markets, impacting cryptocurrencies. The crypto market lost 6.1% of its capitalization, reaching $3.38 trillion, with a trading volume of $168 billion, the highest in days.

Despite the correction, BTC shows resilience, remaining above $100,000, a key level it had not held so consistently before. Some analysts see this decline as a buying opportunity along the trend line, while others warn that a prolonged escalation of the conflict could further pressure prices.