Market News and Concerns

Since the Israeli attack on Iran, the market has experienced a strong shock and has dropped sharply. The Israeli Defense Minister also stated that the attacks will continue for a few days, which may further impact the market, but looking at the technical analyses, the market is painting a different picture.

How?

Before this attack, the market was in a state of overbuying, requiring a correction to calm its strength and form a swing bottom, which has already formed, and its strength has also calmed down.

The current state of the market from a technical perspective is upward, as its strength has dropped to its lowest level, and the Bollinger Band volatility is at its highest levels, and the price movement is also extended.

Therefore, from a technical standpoint, the market is a good buying option.

This is my plan: I have already opened a futures position on Ethereum from 2510, which is a medium swing interest rate setup.