$BTC #IsraelIranConflict Market News and Concerns
Since the Israeli attack on Iran, the market has experienced a strong shock and has plunged significantly. The Israeli Defense Minister has 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 condition, requiring a correction to ease its strength and form a swing low, which has already occurred, and its strength has also calmed down.
The current market situation from a technical standpoint appears to be bullish, as its strength has dropped to its lowest level, and the Bollinger range volatility is at its highest levels, with price movement also extended.
Thus, from a technical perspective, 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 setup for a swing average interest rate.
Therefore, traders can also consider the current market price for a swing average interest rate setup of 10% of their capital.
We will plan a swing average interest rate on this setup as a market movement.
For immediate holding, the price of SOL is the lowest at 142, which can be used to buy SOL in the spot market.