$BTC

Market news and concerns

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

How?

Before this attack, the market was in an overbought state, requiring a correction to ease its strength and form a swing low, which has already been established, and its strength has also calmed down.

The current market situation appears technically to be in an upward direction, as its strength has decreased to its lowest level, and the Bollinger range volatility is at its highest levels, and 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 at 2510, which is a medium interest rate swing setup.