![IMG_20250614_101528.jpg](https://images.hive.blog/DQmaQKwK2SMFmyjn67qi523ad4dkCFk1X8Xzj4gMJQ4EqXv/IMG_20250614_101528.jpg)



**Technical Analysis (4H Chart)**

1. **Price Action & Trend:**

   * BTC dropped sharply to **\$102,664**, forming a local bottom, and is now recovering slightly to **\$105,468**.
   * Price remains **below all major EMAs** (EMA-7, EMA-25, EMA-99), signaling **short-term bearish sentiment**.
   * This bounce appears to be a **dead cat bounce** unless price reclaims the **EMA-25 (\~\$106,621)** and confirms support.

2. **Volume & Momentum:**

   * A **spike in red volume** shows strong selling pressure during the breakdown.
   * RSI(6) at **41.95**, climbing from oversold territory, suggests a **temporary recovery**, but still below neutral (50), which reflects **weak buying momentum**.

3. **Support & Resistance:**

   * Immediate support: **\$104,000**, then **\$102,664** (recent low).
   * Resistance: **\$106,600** (EMA-25) and **\$107,462** (horizontal resistance).
   * If BTC fails to break above \$106.6K, expect further downside testing.

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**Geopolitical Impact: Israel-Iran Conflict**

In the last 24 hours, **escalating conflict between Israel and Iran** has injected a wave of uncertainty across global markets. Typically, Bitcoin is seen as a hedge during geopolitical tension, but:

* The **initial sell-off** suggests **risk-off behavior**, where investors moved to cash or safer assets.
* The **partial recovery** reflects **dip-buying behavior**, possibly by traders expecting long-term value amid geopolitical chaos.

However, as long as uncertainty looms, **volatility is expected to remain high**. Bitcoin’s role as a "digital safe haven" is still being tested in real-time.

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**Conclusion:**
**BTC shows signs of a technical rebound after panic selling, but remains below key resistance levels. War-driven fear is driving volatility, so caution is advised unless BTC reclaims \$106.6K with strong volume.**