🚨Bitcoin Technical & Fundamental Analysis🚨

➡️Technical Analysis:

As discussed in previous updates, Bitcoin has been trading within a channel for a while and recently faced rejection from the top of that range. Currently, BTC is navigating between two key levels:

- Resistance: 50-day moving average (~$62K) - White line

- Support: 200-day moving average (~$60K) - Yellow line

In the short term, if Bitcoin holds above the 200-day moving average and breaks through the 50-day moving average, sustaining that level for 1-2 days, we can expect a bullish movement ahead, not just for Bitcoin but for the whole crypto market.

However, in the rare case that BTC breaks below the 200-day moving average (due to negative news coming in the market), we could see a test of the $55-57K range, which should act as strong support.

➡️Fundamental Analysis:

As always, fundamental news plays a major role in Bitcoin’s price action. Recently, BTC experienced selling pressure following the first weekly and monthly candle closes, after that geopolitical tensions—particularly the Iran-Israel conflict—have heightened uncertainty. This war news has caused a dip in BTC to around $60K.

At this point, the market is unpredictable and could move in either direction:

1. Bearish Scenario: If tensions escalate, expect further downward pressure, potentially leading to another sell-off in btc.

2. Bullish Scenario: On the other side, if we see any signs of de-escalation, such as Iran backing down or diplomatic efforts from the US, we could see a positive rally in btc and Crypto market.

➡️For now, it's essential to stay cautious. Avoid high leverage and always use tight stop-losses on both sides. In such volatile conditions, using minimal funds is key until the situation becomes clearer.

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