๐จ Market Update - ๐
As we all know- the developing situation in the Middle East is dictating the price of global markets. Yesterday we saw Bitcoin break the $106.8k resistance level (orange box) which we were looking at over the weekend, and this initially became 4hr support for a push up towards $109k. However, overnight, with messages from various countries hinting that things are about to escalate, BTC has seen a sustained sell off. Currently testing a key level here at $105.5k (Weekly Open).ย There is a lot of demand at $105.5k - $104.5k, but if this breaks down then I could see us getting that sweep closer to $100k.
I cannot stress enough how important it is to manage your risk in this current climate. Let's see what moves we can catch today.... The Monday Range this week is $104.9k - $108.9k.
#DAOBaseAIBinanceTGE #FOMCMeeting #BinanceAlphaAlert #CryptoDawar #BTC
