Woke up this morning to see my account down quite a bit, thought the market was starting to get volatile again, checked the news sources, and it turns out there’s a war breaking out in the Middle East.
However, I personally don’t think this pullback is a big issue; this war won’t last long, it’s just a tactic used by market manipulators to shake out retail investors.
$BTC and $ETH both touched the lower Bollinger Band support on the daily chart this morning and then bounced a little; currently, the price of $BTC is 104000, and the price of $ETH is 2508.
Moreover, I checked the ETH ETF data, and there was still a slight net inflow yesterday with no net outflow, which clearly indicates that market manipulators are just using this news to shake out positions.
In fact, the previous post analyzing the market mentioned this point; at this time, be cautious of market manipulators using news to create volatility and explode long positions. Anyone who carefully read the article should have been able to successfully avoid this downturn.
Now, for spot trading, buy the dip if possible; for futures, go long if possible, and manage your positions in batches to prevent a second probe. Just hold on for a few days, and the bulls will return soon.
