#IsraelIranConflict
The cryptocurrency market wakes up in red, and the reason is clear.
The escalation of tensions between Israel and Iran has triggered a wave of risk aversion globally. As traders, we know that geopolitical events are a key factor that can move the market abruptly.
What has happened?
Israel has launched airstrikes against Iran, and the response has been swift. This escalation of conflict has caused investors to flee from 'risky' assets like cryptocurrencies and seek refuge in more traditional assets like the dollar and gold. Bitcoin (BTC) and major altcoins have felt the impact with significant drops.
In times like this, caution is our best ally. Volatility is through the roof, and panic can lead to poor decisions.
• Trading now is like sailing in a storm. The risk is extremely high. If you decide to do so, use a strict stop-loss and trade with amounts you are willing to lose. Movements are unpredictable.
• If you trust the fundamentals of your long-term projects, these drops can be seen as buying opportunities at 'discount' prices. However, do not try to catch the exact bottom of the market. Consider making staggered purchases (DCA) if it fits your strategy, but be prepared for more volatility. The bottom may not have been reached yet.
The situation is fluid. My advice is to closely monitor news from reliable sources and manage risk intelligently. Do not make hasty decisions. An informed and prudent trader survives any market.
Stay safe and trade wisely!
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