#IsraelIranConflict

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 paints a different picture.

How?

Before this attack, the market was in an overbought condition, requiring a correction to calm its strength and form a swing bottom, which has already occurred, and its strength has also calmed down.

The current situation of the market, from a technical perspective, is in an upward trend, as its strength has dropped to its lowest level, and the Bollinger range volatility is at its highest levels, with price movement also extended.

Therefore, technically, the market is a good buying option.

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