$BTC

Since the Israeli attack on Iran, the market has faced 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. However, looking at the technical analyses, the market paints a different picture.

How?

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

The current situation of the market, from a technical perspective, appears to be bullish, as its strength has dropped to its lowest level, the Bollinger Bands volatility is at its highest, and the price movement is also extended.