#MetaplanetBTCPurchase #IsraelIranConflict 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 has also stated that the attacks will continue for a few days, which could further impact the market, but looking at the technical analyses, the market is painting a different picture.
How?
Before this attack, the market was in an overbought state, requiring a correction to calm its strength and form a swing low, which has already formed, and its strength has also calmed down.
The current market situation appears to be trending upwards from a technical standpoint, as its strength has dropped to its lowest level, and the Bollinger range volatility is at its highest, with price movement also extended.
Therefore, 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 swing average interest rate setup.
Therefore, traders may 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.