$BTC Market News and Concerns

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

How?

Before this attack, the market was in an overbought state, requiring a correction to calm its strength and form a swing low, which has already occurred, and its strength has also quieted.

The current market situation is technically in an upward trend, as its strength has dropped to its lowest level, the Bollinger Bands volatility is at its highest, and the price movement is also extended.

Therefore, technically, 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.