Warning: $BTC Drops 3.5% as Iran Escalation Ends Rally at $74,000
$BTC hit a one-month high of $74,000 then reversed to $71,200 within hours.
What triggered it: - Pentagon deploying 2,500 Marines to Middle East - Iran escalating around Strait of Hormuz - Oil surged $5/barrel to $97.30 - S&P 500 and Nasdaq flipped to 0.4%-0.5% losses
$BTC still holds 1.9% gain over 24 hours. The $71,000 support absorbed the sell pressure.
Verdict: Risk-off mode activated. Watch $71,000 support closely.