Post
Nuri-Crypto
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BTC Analysis: Bitcoin in free fall due to Geopolitics
Let's analyze the BTC data and the impact of the international tension between Iran and the U.S.
BTC Technical Analysis: Looking at the short and macro timeframes (from 15 minutes to the daily chart), the structure gives us clear clues:
Fire support: BTC is testing a crucial support zone between $72,000 and $72,700 USD. Losing this level cleanly would open the floodgates for a deeper correction.
Short-term bounce signal: Indicators like the Stoch RSI and traditional RSI on 15m and 1h candlesticks show extreme oversold conditions. This often translates to a "dead cat bounce" (a temporary bullish relief) in the coming hours, targeting $73,800 - $74,200 USD.
BTC Technical Analysis: Looking at the short and macro timeframes (from 15 minutes to the daily chart), the structure gives us clear clues:
Fire support: BTC is testing a crucial support zone between $72,000 and $72,700 USD. Losing this level cleanly would open the floodgates for a deeper correction.
Short-term bounce signal: Indicators like the Stoch RSI and traditional RSI on 15m and 1h candlesticks show extreme oversold conditions. This often translates to a "dead cat bounce" (a temporary bullish relief) in the coming hours, targeting $73,800 - $74,200 USD.