$BTC Bounce Fizzles â Dark Clouds Loom Over Crypto đš
After a brief pop above $100K, Bitcoin quickly tumbled back below that critical levelâslumping to $98.5K on Sunday and now hovering just above $100K.
The catalyst?
Geopolitical turmoil.
According to Axios, Iran is reportedly preparing retaliation against U.S. bases in the Gulf following recent airstrikes on its nuclear sites. Tensions are spinning up fast. đ
Hereâs why this matters to you:
đ» Risk-On Assets Hit Hard
Major altcoins didnât escape the fallout. Ethereum slipped under $2,200, and even XRP dropped below the $2 threshold.
Fear spreads fast in volatile political climates.
đ Technical Breakdown in Play
Bitcoinâs inability to hold above $100K is worrisome.
It signals shaky bullish conviction, and the next major support zone lies around $95,000â$97,000.
â ïž Stay Alert and Adapt
This session could bring more choppy price action.
Ice your positions, tighten stop-losses, and follow the geopolitical headlines closely.
đ My Take:
Short-Term Correction Possible: If tension escalates, Bitcoin could dip toward $95Kâ$97K.
Cautious Re-Entry Strategy: Look for signs of stabilization near these levels before adding exposure.
Eyes on $104K+: A breakout above recent highs with renewed confidence could reset the bullish narrative.
đ ïž What You Can Do:
Hedge smartly â Consider short-term hedges or tight trailing stops.
Watch support levels â $98K, $95K, and $92K are key pivots right now.
Follow the news â A sudden de-escalation could spur a sharp bounce.
Bitcoinâs resilience is being tested. Will it break back through $100Kâor dive deeper?
đ Let me know your strategy for trading through geopolitical volatility!
đ§ Not financial advice. Always DYOR and manage risk responsibly.
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