š Bitcoin Dips Below $99K Amid U.S.āIran Tensions
BTC briefly dropped into the $98Kā$99K zone early today before rebounding to $101K, but price action remains locked inside a descending channel.
š Key Levels to Watch:
Support: $98,200 ā breakdown here could push BTC toward $92K
Resistance: $107Kā$108K ā a breakout could trigger a rally to $112K+
š Market Sentiment:
Momentum is mixed ā short-term trend leans bearish, but institutional demand and ETF flows continue to support longer-term upside.
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š¼ Trading Strategy:
š¢ Bulls: Eye dips near $98K for potential low-risk entries
š“ Bears: Below $98.2K could open up sharper downside
š Break above $107K? Get ready for a quick run to $112K+
š Keep stops tight. Watch volume. Trade the reaction ā not the emotion.