Bitcoin maintains more than $ 100,000 decisive after the weekend, which features increased geopolitical tensions. American attacks on Iranian nuclear facilities sparked panic across global markets, prompting BTC to the lowest level in about 98,200 dollars before a sharp recovery. The rapid decrease without six numbers escaped from the feelings of the investors and led to a rise in fluctuations with the stampede of traders to control positions.
According to the best analyst Axel Adler, the complex emotional index has decreased to the lowest monthly level of -20 % over the past 24 hours, reflecting the declining pressure that dominates the market. Taker arrangement showed a clear negative delta during the collapse, indicating the dominance of the strong seller, where BTC violated the level of $ 100,000. At the same time, the open interest decreased sharply, indicating that many participants were forced to reduce the positions supported by liquidation.
Despite severe pressure, Bitcoin managed to recover from $ 100,000, a sign that the bulls are still defending this psychological level. However, the market feeling remains fragile. Continuous uncertainty – moved by escalation of conflict in the Middle East and the high global risks – the merchants remain on the edge of the abyss. The coming days will be very important, as Bitcoin tries to stabilize power and re -establish it in the face of escalating fear and the risks of the potential negative aspect.
Bitcoin exceeds 100 thousand dollars, as the market awaits the clarity of the direction
Bitcoin faces a decisive test because it tries to stick to a level of $ 100,000 after dipping it shortly during the weekend. The sharp step is less, caused geopolitical turmoil after the United States attacks Iranian nuclear facilities, and was fed in the panic of merchants and benefiting from the utility to relax. However, the bulls have so far favored the psychological level and the freshness of the bitcoin price, indicating that this region may constitute a new balance after weeks of volatile monotheism.
Since early June, Bitcoin has often been higher than a sign of $ 100,000, however the inability to restore high signals of $ 112,000 ever. The opposite winds of the macroeconomic economy continue in the market, with the high revenues of the US Treasury, the Federal Federal Reserve, and the increase in global tensions that make up the behavior of the investor. Despite recovery, another risk of collapse remains if BTC fails to restore the resistance level of $ 103,600 and $ 109300 soon.
According to Axel AdlerThe complex emotional index decreased to the lowest monthly level of -20 % during the last decline, as the volume of retirees dominates sellers and open benefits sharply due to the liquidation. While the feelings remain declining, the advanced feelings index showed early recovery signs, increasing from 20 % to 37 % when some traders begin to buy with withdrawal. However, mood is still cautious.
Adler notes that this partial bounce in feelings and softening the negative size reflects the increasing interest in capturing the potential upward trend, but the market remains ready. As long as Bitcoin exceeds $ 100,000, the rapid recovery remains possible. However, any escalation in the global conflict or further deterioration of the macroeconomic may undermine confidence and lead to a deeper correction. It is possible that the next few days will determine whether Bitcoin resumes its upward direction or succumbs to the pressure of the broader market.
BTC Prices Analysis: Fitting Less than the main resistance
The daily graph shows that Bitcoin faces increasing pressure after its failure to restore the resistance area of $ 103,600. Following the last rejection near $ 104,000, BTC is now trading about $ 101,470, indicating a fragile attempt by Bulls to hold the psychological level of $ 100,000. The last decrease to 98,200 dollars represented the lowest point in weeks, which led to an increase in the volume of the sale before the modest recovery. This region is still decisive to short -term direction.
Bitcoin is now lower than a 50 -day moving average (currently at 105,003 dollars), a sign that momentum has turned against bulls. Meanwhile, moving averages may be 100 days and 200 days at 95,829 dollars and 95,970 dollars, respectively, as levels of backup support in another collapse. The highest levels that are formed since early June enhances the declining structure unless BTC can closed decisively from the resistance range 103,600 – 109,300 dollars.
The volume remains relatively low to recovery, indicating that the bounce may lack condemnation unless the most powerful purchase of purchase appears. If BTC fails to restore MA for 50 days soon, the path becomes about 94,000 dollars more likely. On the upper side, the bulls should turn $ 103,600 to support to restore market confidence and reopen the door to re -test the high levels at all.
Distinctive image from Dall-E, the tradingView graph
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