Over the weekend, the war between Iran and Israel disrupted the upward trend of the crypto market. This week is the halving week, and Bitcoin is expected to be halved once every four years on the 20th. For this halving, the market generally believes that the impact on the crypto market will be positive.
The short-term market is most affected by the war between Iran and Israel. The straight rise this morning is also related to the fundamentals. Israel has not yet launched a counterattack, and it is expected that this incident will not expand. The crypto market is likely to fluctuate upward, but in the process of rising, each pressure point will fall back and then rise again.
In addition: Regarding the halving event this week, my personal opinion is that we can lower our expectations. However, the real bull market in the crypto market has not yet arrived. After the Fed cuts interest rates, this round of bull market will last longer. For long-term believers, it is profitable to ambush at the current position, which is a definite fact.
According to AI analysis, the long-short boundary of Bitcoin this week is 66052, so there was a retracement when it first reached 65842 in the morning. There will be retracements at 69200 and 72450 above, but it will not affect the ambush of long orders. The retracement is to give opportunities to get on board.
For Bitcoin, pay attention to the support range below during the day: 63800~64200. The rest of the positions are not suitable for participation.
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