Technical analysis by CoreCrypto1 about Symbol BTC on 6/17/2025

Hey Traders!If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver!Bitcoin once again testing key support levels as global tensions continue to fuel uncertainty in the markets.Chart Overview:BTC broke down from short-term resistance and is now retesting the major support zone between $102K–$103K. The structure still remains within a broader consolidation range, but this support zone is absolutely critical for bulls to defend.Immediate Resistance: $106K → $110KImmediate Support: $102K → $100KA breakdown below $100K could trigger deeper liquidations towards $95K–$98K, while a successful defense here could push BTC back toward previous highs.Geopolitical Impact:Global headlines are heavily influencing risk assets right now:🇮🇱 Israel-Iran tensions are escalating.🇺🇸 The US is signaling stronger involvement diplomatically, adding more fear to markets.📉 Traditional markets have already started to show signs of caution.Bitcoin, as a risk asset, remains vulnerable to these global macro shocks in the short term.The Game Plan Right Now:If we see sustained support at $102K–$103K, there’s still room for a relief bounce towards $106K–$110K in the near term.However, if global tensions escalate further, expect increased volatility with downside liquidity grabs.Stay cautious with tight risk management. Macro headlines are still driving sudden sentiment shifts.📊 My Bias:Watching for potential sweep of $102K with possible reversal structure forming. Any clear reclaim of $105K may signal a local bottom.📝 Key Takeaway:Global narratives are bigger than technicals right now. The next few days could dictate whether BTC holds or faces another sharp liquidation event.Stay patient. Stay disciplined. And most importantly: manage your risk.👉 Follow for more real-time updates as we track both price action and macro headlines impacting crypto.#BTC follow up update: BTC is playing out exactly as we discussed — currently testing the major support zone and showing an initial bounce from it. ✅But let’s be clear — for this bounce to sustain, we need geopolitical tensions (war scenario) to cool off ASAP 🕊️⚔️ If things escalate further and peace talks fail between the two nations involved, we could see another leg down — with $95K back in sight!🔴 The next few days are crucial — both technically and fundamentally.📍Key levels remain:Support: $101K / $98.5K / $95KResistance: $104.5K / $108K / $110.3K🚨 #BTC UPDATE – Bearish Retest Confirmed! ⚠️BTC just completed a classic bearish retest of the broken structure and got rejected! 📉This confirms the breakdown — and now the doors are open for a deeper move toward the $92K–$94K zone. 🔻As long as BTC stays below $101.9K–$102K, sellers are in control.Major support sits in the green demand zone.📍Levels to Watch:Resistance: $101.9K / $104.1KTarget: $94K / $92KStay alert. Breakdown is real — and things can move fast from here.