Bitcoin: Iran Retaliation Sparks De-Risking

Bitcoin saw immediate de-risking after Iran retaliation headlines, with limit selling triggering a swift move to $72.7K via algo-executed market shorts.

Long interest is now resurfacing as traders attempt one final buy-the-dip push ahead of the EU and US sessions, where daily VWAP and spot flows have dictated direction over recent sessions.

Price action on the 4h chart shows BTC at $73520.32 inside the Bollinger Bands with lower support at $73148.37, while the oversold RSI at 27.67 hints at exhaustion even as the MACD death cross at -816.42 and EMA50 resistance at $76357.1 keep the structure bearish; a test of that lower band could precede any relief toward the upper band at $78733.27 before the next directional commitment.