📊 Technical & Fundamental Analysis: BTC Hits $106K Backed by Geopolitical Truce & Rate Cut Hopes!
🟢 What’s happening with Bitcoin?
BTC surged back above $106,000 after a short dip to $98,500 — driven by macroeconomic and geopolitical catalysts.
📌 Reasons behind the rally:
📉 Easing tensions between Israel and Iran after a “total ceasefire” announcement
💰 Rate cut expectations rise in the U.S. (odds of 3.75% or lower hit 53%)
🏦 Strong institutional demand despite global uncertainty
⚠️ Caution signs:
🔻 Bitcoin’s hashrate dropped 8% in recent days, raising concerns:
Mining shutdowns due to extreme weather in Texas/Oklahoma
Possible unauthorized mining in Iran consuming up to 2GW ⚡
Energy supply risks in conflict zones
🔍 Technical Data:
✅ Support zone: $100K–$102K
📈 Resistance: $110K (short-term target)
📉 Futures open interest: $68B (stable)
💥 Recent liquidations: $193M in long positions
🧠 Interpretation:
Despite volatility, BTC continues to show strong institutional resilience. The fast rebound to $106K — amid geopolitical turmoil — reaffirms its narrative as a store of value.
However, the rally could be fragile if peace fails or if the Fed changes course.
🗣️ Conclusion:
“Bitcoin rises through the chaos, but markets remain tense. Follow data, not hype.”
🔸 Watch U.S. interest rate signals and geopolitical updates
🔸 Risk management is key in this phase!
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