$BTC

1. **$BTC #MarketMeltdown

đŸ”» What’s happening:**

Over the past week, the broader crypto market underwent a ~6–7% correction from peak levels—Bitcoin briefly dipped below $101K, and major altcoins like Ethereum and Solana fell between 7–9% .

2. 🌍 Why now:

Geopolitical shocks: Renewed tensions in the Israel–Iran conflict triggered global risk‑off sentiment. Bitcoin plummeted through $103K before rebounding slightly .

Macro and technicals: Weaker US inflation data sparked uncertainty around Fed policy; meanwhile, technical setups point to RSI divergence, with analysts warning of deeper corrections if support levels fail .

3. **📊 Market structure & sentiment:**

Crypto market cap dropped from $3.47T to around $3.22T .

Fear & Greed index moved toward the “fear” zone — sentiment cooling but not capitulation ï»ż .

4. **🔎 Key technical levels:**

Near-term support lies at $102K–104K, with downside risk toward $98K–100K if those break .

Resistance remains around $108K–110K, with BTC still $111K–112K) .

5. **📅 What’s next:**

FOMC meeting incoming: Investors await potential April or September rate-cut guidance; headlines could drive volatility .

History speaks: Analysts highlight similar pullbacks preceding rallies—Cointelegraph suggests a 25% upside if BTC holds above $102K .