$BTC sharp sell-off this week has sparked concerns across the market, with many pointing to escalating tensions between Israel and Iran as the primary catalyst. While macro headlines triggered panic selling, the charts had already laid out the roadmap. A bearish shark harmonic pattern, coupled with a breakdown from key volume levels, suggested that a corrective move was highly probable. Notably, Bitcoin (BTC) was consolidating near the value area high earlier this week when tensions in the Middle East began escalating.

As news of a military confrontation between Israel and Iran broke, global risk sentiment weakened, leading to widespread liquidation across crypto markets. However, beneath the surface, technical structure had already shown signs of exhaustion. As predicted on June 10 in this analysis article, a shark harmonic pattern hinted at a full market rotation, which ultimately played out in textbook fashion.#Write2Earn