🔍 Update $BTC — Intense Correction and Clear Cause
Bitcoin recorded a rapid decline near $102–103k on Thursday and Friday, affected by a combination of factors:
Escalating geopolitical tensions (Iran–Israel) pushed many to steer clear of high-risk assets.
Despite a temporary halt in interest rate hikes from the Fed, the tight monetary policy still worries the market.
Intense selling from whales and leveraged speculators created pressure on the market.
Technical indicators show overselling, which may indicate a potential imminent technical rebound.
🏁 Near-term expectations:
Main support: ~ $102k, may extend to $100k.
A break above $105–106k could open the door for a new rise.
Follow geopolitical statements and the central bank's tone to assess the upcoming direction.