📊 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!

$BTC

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