TENSION IN THE MIDDLE EAST IS AFFECTING CRYPTO MARKETS
Recently, U.S. President Donald Trump's threats of military intervention in Iran and increasing tensions in the region have caused fluctuations in global markets. These developments have heightened investors' search for safe havens, driving gold prices to record levels.
Bitcoin (BTC): The market sees the level of 76,600 USD as a critical support point; if this level is breached, larger declines are anticipated. Upside resistance levels are set at 83,315 USD and 85,141 USD. Current price movements are concentrated around 79,164 USD, 80,751 USD, and 82,033 USD, with the resistance at 82,033 USD particularly pressuring prices over the weekend. This wave of decline presents a significant opportunity to test the effectiveness of the second dip formation on a monthly basis.
Ethereum (ETH): Support levels are established at 1,775 USD, 1,713 USD, and 1,640 USD, while the level of 1,905 USD stands out as an important resistance point. Ethereum is experiencing one of the largest crises in its history. This situation is increasing pressure on the market, causing prices to fall.
Investment Strategy: For medium-term spot investments, it is recommended to wait for uncertainties in the market to decrease and not to open new positions until a clearer direction is established. For long-term investors, it is important to maintain existing positions and closely monitor market movements. Day traders should lower their expectations and focus on preserving their capital.
Note: The information contained in this article is never to be considered investment advice and is intended for informational purposes only. STAY AWAY FROM SPECULATION, FOLLOW FOR REAL, SCIENTIFIC ARTICLES❗️ Be sure to do your own research❗️
