Bitcoin Update: Key Levels, Geopolitics & Cautious Trading Ahead

📈💥 Bitcoin Update: Key Levels, Geopolitics & Cautious Trading Ahead 💭🌍

Hey Traders,

Many of you asked for a fresh Bitcoin update — so here we go. 🚀

Last time, we caught that breakout, but it turned out to be a fakeout. Since then, the situation has become more complex. Geopolitical tensions between Iran and Israel, combined with uncertainty in the Middle East, are weighing heavily on sentiment. 🕊️💣

On the macro side, the Federal Reserve is expected to keep rates unchanged for now — no cuts yet. Building permits data has disappointed again, but inflation is cooling slightly. For now, the big market mover is clearly geopolitics.

👉 Key Levels to Watch:
✅ Support:

$102,400 – $102,700 — If Bitcoin dips here, watch for a bounce.
✅ Resistance:

$106,000 — Major resistance.

Next Resistance: $108,350

Ultimate target: $113,000–$115,000, IF momentum returns.

So how am I approaching it?
📌 Long above $106K → first stop $108K → target $113K–$115K.
📌 Short below $106K → watch support zones carefully.
📌 If we lose $102K, next big supports are $97,700, $89,000 — and even $79,000 if things worsen.

🚫 Big Picture:
We’re still stuck in a broad sideways range — roughly $100,000–$110,000 — until a clear breakout or breakdown occurs. Without a Fed pivot or de-escalation in the Middle East, momentum may stay muted.

🙏 My Advice:
Be cautious. Size your positions wisely. Respect levels. And above all, stay safe — mentally and emotionally — in these uncertain times.

I’ll keep you updated step-by-step. Trade smart, stay kind.

One Love,
The FXPROFESSOR 💙

Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈