$BTC #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 affect the market, but looking at the technical analysis, 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 low, which has already occurred, and its strength has also calmed down.
The current market situation appears to be bullish from a technical standpoint, as its strength has dropped to its lowest level, the Bollinger range volatility is at its highest, and price movement is also extended.
Therefore, technically, the market is a good buying option.
Here is my plan: I have already opened a futures position on Ethereum at 2510, which is a swing average interest rate setup.
Thus, 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 at its lowest at 142, which can be used to buy SOL in the immediate market.